📊 Market Analysis Using Wyckoff Method: Preparing for a Downturn?
The price has tested the UT (Upthrust) level and started pulling back, aligning with the classic Wyckoff structure. A decline to the 92,431 – 89,256 USDT zone is expected in the near future, where support may form before the price continues upward.
🔹 Current Wyckoff Structure:
✅ PSY (Preliminary Supply) – early signs of large-scale selling.
✅ BC (Buying Climax) – buying peak, after which the market shows weakness.
✅ AR (Automatic Reaction) – correction, confirming resistance.
✅ UT (Upthrust) – false breakout of the upper range, followed by a pullback.
📉 Potential Scenario:
A retracement to the 92,431 – 89,256 USDT range is expected, where major players may accumulate positions before pushing the price up toward 120,000 USDT. If the price holds above 89,000 USDT, this could serve as a foundation for further growth. Keep an eye on price action
