I am a person who is committed to my analysis, and everything I trade is based on what I see in the market and not on optimism or unstudied expectations. My view will not change until Bitcoin breaks the 69,500 level and closes a full day above it. I am not neutral in this view.

🔍 Illustrative Patterns: In-depth Comparison and Detailed Analysis

1. Wyckoff Distribution Model 🌀:

In the picture, we notice a clear repetition of the Wyckoff pattern, which consists of several stages:

PSY (Psychological Peak)

BC (Summit)

LPSY (Last Point of Supply)

SOW (Sign of Weakness)

As you can see, we have gone through the distribution phases (Phase D), after reaching the false top (UTAD) at 69,500, which was accurately predicted in my last analysis on October 18 (1 hour frame) see previous analyses. And in this new pattern in the image it shows that the price is heading for a deeper correction, with a possible decline towards strong support levels (compare).

2. Short-term Price Action pattern ⏳:

The second image shows a repeating Price Action pattern that highlights how sharp reversals occur after each short-term peak.

We notice how each sudden rise in price is followed by an equally strong pullback, showing that there is increasing selling pressure at certain levels.

This pattern highlights the importance of not being carried away by a rapid rise and not trading based on short-term optimism, but rather relying on reading previous price patterns to accurately determine entry and exit points.

3. Decreasing trading volume as a warning signal ⚠️:

The third image focuses on the trading volume that started to decrease significantly while the price formed a horizontal channel.

Decreasing volume in this case is a clear sign that the buying momentum is starting to weaken, paving the way for a bearish corrective wave that may be confirmed as selling continues at support levels.

This decrease in volume is consistent with Wyckoff's pattern of focusing on the lack of purchasing power at the stages of distribution.

📌 Important points:

The false top at 69,500 was expected and a confirmation of our previous analysis.

Selling pressure increases with each attempt to rise, indicating that the market is facing real barriers.

The reduced volume as the patterns form adds to the confirmations that we will enter a correction phase soon.

⏳ Ultimately, the market is moving according to accurate technical analysis, and I don't expect any changes in my view unless we see a full daily close above 69,500.

Stay tuned for more analysis 📈

Tip: Check my previous analysis to make sure my time and price predictions are accurate. To better understand this analysis, it is essential to link it to previous analysis, otherwise the understanding may not be complete.

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