Bitcoin / TetherUS
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Bitcoin Price Action Analysis – Bearish Correction Toward Demand

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Rising Trendline Break: The bullish structure has broken down as the price failed to hold above the key support region around $96,000–$96,200.

Targeted Demand Zone: The highlighted purple box between $94,200 and $94,700 represents a demand zone that has previously shown strong buyer interest. The current structure suggests Bitcoin may revisit this zone for a potential bounce.

Bearish Momentum: A large arrow indicates the directional bias toward the downside, aligning with the correction and market sentiment.

Fake RSI Divergence: The RSI panel indicates a “Fake Divergence” pattern, which may have misled early bulls. RSI has since dropped and currently hovers in the neutral zone, with no strong bullish signals yet.

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Conclusion:
Unless a strong bounce occurs around current levels, Bitcoin looks poised to correct further toward the $94,200–$94,700 demand zone. Traders should watch for reactionary price action and bullish reversal patterns before considering long entries.
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