Bitcoin's recent price correction triggered widespread liquidations of long positions, yet the broader uptrend remains technically intact according to analyst Michaël van de Poppe. Despite a sharp spike in trading volume and significant capital erosion for leveraged traders, the asset avoided a catastrophic breakdown, suggesting underlying demand is effectively absorbing selling pressure. Data compiled by Woofun AI indicates a notable divergence from historical correction patterns, as altcoins experienced relatively limited losses compared to Bitcoin. In typical market pullbacks, alternative assets usually depreciate more sharply than BTC, amplifying overall portfolio damage, but the contained decline this cycle suggests a structural shift toward lower speculative leverage or a more selective selling environment.

The analyst cautioned that the immediate technical picture is not entirely bullish, as weekly and monthly chart indicators continue to flash bearish signals. This implies that further downside cannot be ruled out, and the orderly correction has not yet confirmed a reversal of the broader bearish momentum on higher timeframes. Van de Poppe identified the $75,000 to $76,000 range as the critical support zone for Bitcoin. If BTC can successfully defend this level, the expectation is a rally toward $79,210, which marks the location of last week's CME futures gap. These gaps, formed when futures markets open at a price different from the previous close, often act as magnetic price targets that Bitcoin tends to fill over time.

The $79,210 target represents a roughly 4% upside from the $76,000 support level, offering a defined risk-reward setup for traders monitoring the zone. A decisive break below $75,000, however, would likely invalidate the bullish thesis and open the door to deeper losses. For short-term traders, the $75,000–$76,000 zone provides a clear line in the sand where holding above it keeps the uptrend intact and makes the CME gap a plausible near-term target. Woofun AI notes that for longer-term holders, the analyst's comments reinforce the importance of monitoring weekly and monthly closes, as any rally before those timeframes turn bullish should be viewed as a recovery within a broader corrective phase rather than a new impulsive leg higher.

The broader market context also matters significantly in this assessment. Bitcoin's ability to hold support amid a wave of long liquidations suggests that institutional or high-net-worth buyers may be stepping in at these levels to provide liquidity.

However, with macroeconomic uncertainty still weighing on risk assets, the sustainability of any bounce remains unconfirmed. Bitcoin's uptrend is not yet broken, but it is under pressure, making the $75,000–$76,000 support zone the key level to watch. A hold could lead to a move toward $79,210, while a breakdown would signal a shift in market sentiment. Woofun AI analysis suggests that traders should manage risk carefully and avoid over-leveraging in a volatile environment where higher timeframe signals remain bearish.