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I recently saw BTC drop back from the 95,000 level, and many people are starting to feel uneasy. Instead of worrying about whether to cut losses or buy the dip, it's better to first look at what the 4-hour chart is telling us — the essence of this correction is actually summed up in one sentence: this is not the top; it's the buildup before a major move.
Let's review the past rhythm. From 88,000 directly surging close to 95,000, the increase was indeed rapid, and of course, there was a pullback. The market is now oscillating between 92,000 and 93,000, and many have been shaken out. But think carefully — this is normal operation. When prices rise too quickly, they need to pause and consolidate; short-term traders should lock in profits, and new funds need a comfortable entry point psychologically. The main force wants to shake out the timid, so they naturally need to create some turbulence.
Focus on two key technical signals. First, the current price just retested the confluence area of EMA34 and EMA89. These two moving averages serve as dynamic support in a healthy uptrend, and historical experience tells us that this position usually provides support. Second, BTC has not effectively broken below the long-term EMA, indicating that the upward momentum has not been broken. After watching the trend for so many years, true selling always involves high volume drops, but the current volume pattern clearly shows retail panic, while the main force is quietly accumulating.
Some may ask, what if it continues downward? Honestly, even if it dips a bit further in the short term, as long as it doesn't break below 91,000 effectively, the bullish trend remains intact. Moreover, from a risk-reward perspective, this kind of correction is actually safer than chasing highs — of course, only if you have the patience to wait for this confirmation.