🚨 According to the Wyckoff hourly pattern, Bitcoin $BTC is currently going through important stages of distribution after a strong bullish phase, and it is clear that we are at the beginning of phase C. As I mentioned in previous analyses, Bitcoin is moving according to my analyses with 98% accuracy, as we are waiting for the formation of UTAD (Upside Thrust After Distribution). This pattern shows the gradual distribution of the digital currency after its rise.

The possibility of forming UTAD: In the event of a breach of the $69,000 level, we expect a rapid rise towards $69,500 - $70,000.

The possible reversal: If UTAD occurs as expected, the price will face strong resistance, and it is likely to start a quick correction towards the $67k- $64k- $62k levels.

Wait for Bitcoin to break the $69,000 levels, as this is the pivotal level for the formation of UTAD, which will be followed by a major price reversal. We advise caution and careful risk management at this stage.

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The analysis fails with a daily close above 69100. A complete candle is not neutral. Otherwise, we are waiting for a correction

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