Bitcoin Price: 97,285.30 USDT
đ đ Double Top Risk:
It retreated after peaking at 109,588 USDT.
If it falls below 97,000 USDT, the double top formation may be completed and a sharper decline may follow.
đ đ Support Zones in the Rising Trend:
82,000 - 81,915 USDT: Strong support level.
66,774 - 53,482 USDT: Deeper correction zones.
đ đ Red Candlestick:
There is strong selling pressure on the weekly chart.
If the close falls below 97,000, there may be a sharp decline.
3ď¸âŁ Volume and Momentum
There is a decrease in volume (VOL).
The volume is in a downtrend, which may increase selling pressure.
If the volume does not increase, the price may decline further.
4ď¸âŁ Possible Risks đ¨
â
If there is a closing below 97,000 USDT, the decline to 82,000 USDT levels may accelerate.
â
If 95,676 is broken, 82,000 and even 66,774 levels may come to the agenda.
â
It needs to rise above 99,000 again for the rise.
5ď¸âŁ Forecast According to the Weekly Trend đŽ
đ´ In the Short Term (This Week): There is a downtrend, if it falls below 97,000, sales may accelerate.
đĄ In the Medium Term: 81,000-82,000 levels may work as support. If it gets a strong reaction from here, the rise may start again.
đ˘ In the long term: The main uptrend is still active, but the risk of a short-term correction is high.
đ If buying is considered: A drop to the 81,000-82,000 band can be expected.
đ If it holds above 97,000: The upward movement may start again.
â Result: There is a risk of a short-term decline, the uptrend has not been broken in the long term. Be careful! đ¨
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