Bitcoin Is Resting — But the Next Move Could Be 85KBitcoin / TetherUSBINANCE:BTCUSDTpullbacksignalBTCUSD Bitcoin is currently moving through a correction on the 4H timeframe. At first glance, the structure may look weak, but there is an important detail on the chart: The correction itself is forming a falling wedge. This pattern is developing inside a larger bullish structure, so I am watching the wedge mainly as a short-term trading opportunity, while keeping the bigger picture separate. Short-Term: The Wedge The current wedge has been forming after Bitcoin rejected the 82K area. Based on the structure, a breakout from the wedge could bring price toward: 🎯 Short-term target: 85K Bitcoin is also well known for moving quickly once a short-term pattern is completed. So, if the structure breaks with momentum, the pattern could potentially reach its target within only a few candles. But I would not chase the breakout blindly. The better approach is to watch for confirmation and structure after the breakout. Mid-Term: The Bigger Picture For the mid-term, I am looking at a much more important area: 75K — M Support / Pullback Zone This zone has already acted as an important support area, and it is also where a deeper correction could potentially find buyers. My two main scenarios are: Scenario 1 — Bullish continuation Bitcoin holds the broader structure and eventually breaks the 82K resistance with strength. A confirmed break above this area would increase the probability of a move toward: 🎯 85K short-term 🎯 92K mid-term Scenario 2 — Deeper pullback Bitcoin fails to continue higher and returns toward the 75K pullback zone. This would not automatically make the bigger bullish structure bearish. Instead, I would be interested in how price reacts there. The key invalidation on this setup remains: ❌ 72K A sustained move below 72K would significantly weaken this bullish scenario and force a reassessment. BTC.D BTC Dominance Is Also Important This is one of the reasons I am separating short-term BTC trading from the mid-term crypto outlook. BTC Dominance has reached the lower boundary of its rising channel, around the 59% area, which also overlaps with a historically important support region. A bounce from this area toward 61% is possible. If BTC Dominance rises while Bitcoin itself remains strong, capital can continue concentrating in BTC rather than flowing aggressively into altcoins. This is relevant because today we also closed several altcoin positions. That does not mean we are bearish on the altcoin market. It simply means that when BTC is approaching an important resistance while BTC Dominance is sitting at a major support, reducing exposure and waiting for clearer conditions can make more sense than forcing trades. Current market data also shows BTC dominance around the high-50% area, while recent ETF flows have remained supportive of Bitcoin. Fundamental & Macro Perspective Bitcoin's broader structure is still supported by institutional participation, but the macro environment is not completely risk-free. Recent U.S. spot Bitcoin ETF flows have shown renewed buying interest, including roughly $1.01B of net inflows over three trading days reported earlier this week. At the same time, the macro backdrop has become more complicated. U.S. 10-year Treasury yields recently moved around 4.84%, while oil has climbed above $100, increasing inflation concerns ahead of upcoming U.S. inflation data and the Federal Reserve decision. So fundamentally, I don't see a reason to force a bearish view simply because Bitcoin is correcting. But I also don't think the market has given us enough confirmation to blindly assume that 92K is next. The chart still has levels to prove. For short-term trading: Watch the wedge → wait for confirmation → 85K. For the mid-term: 75K pullback zone or a clean 82K breakout. Until one of those scenarios develops, patience is still part of the setup. ⚠️ Risk Warning: This analysis is for educational purposes only and is not financial advice. Bitcoin and crypto assets are highly volatile. Always define your risk, invalidation and position size before entering a trade.