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Over the past 48 hours, we’ve experienced a significant correction that has wiped out many traders who were overexposed through leverage or altcoins.

 In fact, this event marks the largest liquidation in cryptocurrency history, in terms of dollar value. With fear sweeping through the market, taking a technical analysis-based approach can help you stay grounded and avoid making emotional decisions.

When it comes to Bitcoin, the situation isn’t as dire as it might appear at first glance. However, what happens in the coming days will be crucial for the direction of the market in the months ahead. Just last night, we saw a low around $91,600. It’s not uncommon to see a retest of these lows, or at the very least, a partial recovery of that wick.

Key levels to keep an eye on: We have uptrending support that could hold if we dip lower. If we’re headed higher, we should not see any daily closes below the low from last night. On the upside, we’ve already pushed above the point of control (POC) at $95,600. 

If we break that level to the downside, it could signal further downside movement. A critical level to watch is the 50% retracement, and getting back above it soon would be essential for sustained bullish momentum. This aligns with the downtrend resistance near $100,500.

All in all, we’re in a pivotal week. These levels are crucial for determining where the market is likely to go next, so keep an eye on them for early indications of what the near future holds.

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TOKENOMICS AND SUPPLY ANALYSIS 💡

When choosing a cryptocurrency to invest in, tokenomics and supply play a crucial role in determining its potential value, utility, and long-term sustainability.

Tokenomics refers to the economic model behind a cryptocurrency, including factors such as total supply, distribution, inflation, and utility.

A well-designed tokenomics model ensures that the coin has a strong use case, incentivizes holders, and prevents excessive inflation or manipulation.

For example, tokens with a clear utility—such as governance, staking rewards, or transaction fee discounts—tend to have stronger demand.

Supply is another key factor. Coins with a capped supply, like Bitcoin (21 million max supply), often gain value over time due to scarcity, similar to gold.

In contrast, coins with unlimited or high inflationary supply may struggle to maintain value unless demand significantly outpaces issuance.

Additionally, mechanisms like token burns (reducing supply) or vesting schedules (gradual release of tokens) impact price stability and investor confidence.

By analyzing tokenomics and supply, investors can assess a coin’s potential for growth, price stability, and long-term viability.

Poorly designed tokenomics can lead to excessive dilution, dumping by early investors, or inflationary collapse, making these factors essential when selecting a cryptocurrency to purchase

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