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đAnalyze BTC/USDT Time-Frame 1 Day
đ 1. Market Structure
The chart clearly shows that
BTC has been in a downtrend since the peak
Formation of descending channels
Lower High + Lower Low confirmed
Which means: đ Sellers still control the market.
Case of (Albert) Distribution Drop
Case of (Julbert) Same structure forming
And indeed, the scenario is very similar and very likely to repeat
2) Current Pattern (Very Important)
Currently, BTC is forming:
đBearish Rising Channel (Bearish Rising Channel)
This pattern generally indicates:
đ Likely breakdown to the downside
Descending highs
Support tested multiple times
Decreasing volume during the rise
This is typically a bearish continuation
đš Important levels:
đ„ Critical support
65,600, 65,000 (Current zone)
62,500, 59,900 (Major support)
If 65K breaks
Likely direction
62K, 60K, 58K possible.
đ© Major resistances
70,900
74,000
80,000 (Major resistance)
As long as BTC stays below 74K, bearishđProfessional analysis(Whales)
Whales often do:
Small pump
False breakout
Vicious dump
And the chart shows exactly that:
Small bullish channel
Weak momentum
Distribution at the top.
â ïž Very typical before a dump
Possible scenarios
đ Bearish scenario (Most likely)
Channel break
Retest
Dump towards 62K
Probability: 70%
đ Bullish scenario (Less likely)
Break above 70K
Retest support
Pump towards 74K
Probability: 30%
Personal signal I am watching
The ultimate signal:
Clear break of the channel support, Daily candle closing below, retest rejected
This = Confirmed dump
đ§ What professional traders watch
They look at:
Market structure
Liquidity below lows
Price compression
Slow distribution
And currently:
âĄïž Everything indicates liquidity taking downward
đ Conclusion
BTC remains bearish on Daily
Similar structure to the previous drop
Likely support break
Probable targets:
62K
60K
58K possible.
đ Mohamed Ali|CRYPTO-EMPIRE âïžâïžđ§đ§ââ#WinGoldBarsWithGrowthPoints #CryptoMarketPullback $BTC