fall

$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.

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IS $105,000 WORTH THE RISK

Based on the latest Bitcoin (BTC) chart and data:

Current Scenario

Current Price: $$ 96.184.56, with a recent high of $$ 96.494.

Key Resistance: $$ 99.588, where BTC may struggle to break.

Immediate Support: $$ 93.801, which acted as the lowest point in the last 24 hours.

Technical Indicators

Moving Averages:

The MA(7) (US$ 85.558) and MA(25) (US$ 68.524) are showing a consistent uptrend.

The distance between the averages indicates a possible overbought, which may justify a correction.

Bollinger Bands:

The price is close to the upper band, indicating a possible overvaluation in the short term.

Parabolic SAR: The yellow dots indicate support for the uptrend, but a reversal to the downside may signal a correction.

Possible Correction Scenario

If BTC fails to break through US$ 99.588, a correction to US$ 88.986 (first relevant support) may occur, with lower targets around US$ 76.112.

Bullish Continuation Scenario

A break above US$ 99.588 could lead BTC to seek new all-time highs above US$ 105.000, supported by institutional buying and expectations around the next halving.

Recommendations:

Keep an eye on trading volumes. Drops in volume may indicate exhaustion of the rally.

Use stops to protect profits in case of sharp volatility.

If you need a more detailed analysis or another specific indicator, just let me know!

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