Bitcoin’s Correction Puzzle: Wedge Break, Macro Shifts!!Bitcoin has entered a fascinating phase after breaking down from its rising wedge formation, leaving the market in a medium-term correction cycle. Current price action around 113000 is trying to stabilize, but the structure suggests this zone is fragile. If bulls cannot reclaim and hold above the invalidation band near 116000, corrective flows are to dominate. The first major support sits around 103600, where a pause or bounce could develop. If that level folds, the market opens up for a deeper liquidity sweep toward 93000. Should this pocket fail to hold, Bitcoin’s path could extend into the 75000 region a zone that looks extreme but is consistent with how deep-pocket corrections unfold after a parabolic wedge break.
From a macro angle, the pressure is building. The Fed’s transition toward deeper cuts reflects softer growth, but while rate reductions support risk sentiment broadly, the narrative is colliding with dollar weakness, shifting liquidity conditions, and fading institutional momentum after the wedge breakdown. Equity markets still command flows, and with gold and silver absorbing part of the safe-haven bid, Bitcoin’s role as digital gold is being tested again. Yet, structurally, this correction is not an end-game it’s part of the broader cyclical rhythm. Bulls will need to defend lower zones convincingly to rebuild positioning before another attempt at fresh highs.
In essence, Bitcoin is in a correction phase where short-term optimism hangs on reclaiming 116000, while failure opens doors to a deeper hunt for liquidity at 103600, 93000, and potentially 75000. The macro backdrop makes this correction phase more interesting than usual it’s not just about price action, but about how Bitcoin will reassert its place in a market torn between easing policy, risk-on appetite, and competition from traditional safe-haven flows. Trade safe !!
Key Levels:
Invalidation band (bulls must reclaim): 116000
First support: 103600
Deep pocket zone: 93000
Extreme correction target: 75000
