Bitcoin appears to be overreacting after $3k drop — wait for stabilization
I think BTC is currently overreacting to the recent -$3k candle and has slipped back below $120k.
Short-term price action looks like panic selling rather than a change in trend; I’ll wait for stabilization or a clear retest of support.
I’m not calling a top yet — I’ll watch volume and a decisive close above key levels before increasing exposure.
Analysis
Recommendation
Wait for stabilization or a confirmed retest of support before adding exposure. Consider buying on weakness only after signs of consolidation or a strong rebound with supportive volume.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.