Yesterday’s prediction was pretty much spot on—the expected break below 88,000 happened, then a 1-hour bounce back to 92,000, and that’s exactly how the price action played out.

When it dropped below 88,000 at night, I was watching the 86,000 level, but it reversed from a low of 87,719, and the bounce was pretty quick. I mentioned in the group that as long as it reclaimed 89,100, that would confirm the 1-hour correction was done, and a rebound would follow. The price shot up pretty aggressively in those early morning hours, jumping to above 91,500 in just two or three hours.

Now, we need to see how far this 1-hour rebound can go. I’ve mentioned the 4-hour timeframe before, and at this point, that level’s rebound is either almost over or already finished. So in the short term, after this 1-hour move finishes, we’ll probably be entering another 4-hour correction cycle. No rush, let’s just wait and watch.

By the way, ZEC that I mentioned last night around 340 is doing well with today’s bounce, and there’s a chance it could reach the 440 area.

**Looking at the bigger picture**

On the weekly chart, BTC is in the middle of a weekly-level downtrend. There are 23 days left until the end of 2025, and it still hasn’t broken through the 150,000+ level we were hoping for. Lots of people around me didn’t make money this bull run—many even lost a lot. Does that mean it was a fake bull market? But if it really was fake, BTC still went from 15,476 to 126,200, that’s more than an 8x increase.

In the end, with institutions and big players entering the market, retail liquidity has been squeezed a lot. It’s definitely gotten a lot harder to make money here than before.