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$XRP #NatalBinance $BTC $SOL
The chart shows the recent movement of the BTC/USDT pair based on weekly candles (1 week). Predicting the exact time for a complete decline or reversal requires analyzing several factors, such as support, resistance, volume, and market sentiment.
Initial observations:
1. Recent decline:
The correction already seems to be underway after peaking at 108,353.00.
The current price is below the short moving average (short-term sell indicator).
2. Relevant support:
The price may find support near the 7-week average (73,303.80) or MA(99) at 48,955.87 if the decline is steeper.
3. Indicators:
RSI (6) is at 64.31, still indicating a zone of relative strength, but there are signs of weakening.
Recent selling volume suggests bearish pressure.
4. Overall trend:
The macro trend is still bullish on the weekly chart, but a short-term correction may occur.
Estimate:
If the market maintains selling pressure, the correction may reach support levels (around 73,000 - 75,000) in 2 to 4 weeks. For deeper declines, it may take up to 6 to 8 weeks, depending on market dynamics.
If you need more specific analysis or follow-up with intraday data, I can help.
The chart shows the recent movement of the BTC/USDT pair based on weekly candles (1 week). Predicting the exact time for a complete decline or reversal requires analyzing several factors, such as support, resistance, volume, and market sentiment.
Initial observations:
1. Recent decline:
The correction already seems to be underway after peaking at 108,353.00.
The current price is below the short moving average (short-term sell indicator).
2. Relevant support:
The price may find support near the 7-week average (73,303.80) or MA(99) at 48,955.87 if the decline is steeper.
3. Indicators:
RSI (6) is at 64.31, still indicating a zone of relative strength, but there are signs of weakening.
Recent selling volume suggests bearish pressure.
4. Overall trend:
The macro trend is still bullish on the weekly chart, but a short-term correction may occur.
Estimate:
If the market maintains selling pressure, the correction may reach support levels (around 73,000 - 75,000) in 2 to 4 weeks. For deeper declines, it may take up to 6 to 8 weeks, depending on market dynamics.
If you need more specific analysis or follow-up with intraday data, I can help.
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