Trader Mayne Predicts Bitcoin Correction to $98,000 Before Q4 Rise

Crypto analyst Trader Mayne suggests that Bitcoin might experience a sharper decline before continuing its uptrend towards the end of the year. He highlights a "weekly liquidity level" at $98,000 that remains uncollected and could be targeted soon.

Bitcoin's Potential Price Movements

Mayne outlines two potential scenarios: a tactical long on a short-term correction followed by a deeper drop, or a direct move to $98,000 before a fourth-quarter rise.
He emphasizes a larger correction is likely to target the $98,000 level, with possible short-term setups preceding it.
The market structure shows mixed signals across different timeframes: bullish daily and monthly charts but a bearish weekly chart.
Mayne plans to synchronize trades using the four-hour chart, looking for local low sweeps to tighten risk.
If the price closes below intraweek baselines, he will abandon longs and prepare for a bigger drop to $98,000.

Ethereum Analysis

Ethereum shows similar patterns, with constructive daily and 12-hour trends but requires precise entry setups.
Mayne stresses the need for a low-timeframe liquidity grab to ensure proper stop placement.
The plan relies on market movements that tighten invalidation; otherwise, further downside is expected.

Despite caution, Mayne maintains a macro-tactical stance favoring buying dips in Q4. He views any early-October weakness as a potential opportunity, with expectations of higher prices in the last quarter of the year.

BTC is currently trading at $116,238.