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My analysis for BTC/USDT Look at this movement! Bitcoin is currently trading at R$478,336.11**, with a drop of **-3.51%** in the last 24h. The price has already tested the support region near **R$88,044.42, while the immediate resistance seems to be at R$93,423.74.
The volume in the last 24h was significant: 29,216.17 BTC, moving more than 2.65B USDT. This shows that there is liquidity and interest even during correction moments.
Looking at the chart, I see that we are in a consolidation phase after a strong upward trend. The selling pressure still exists, but I noticed that the buy orders (bid) are accumulating near the current levels, signaling that there may be a recovery if the support holds.
My prediction: I believe we are preparing for a new high, but it is important to respect the support levels and wait for a confirmation of reversal. Keep an eye out!
So, what do you all think? Is it time to accumulate or wait a bit longer?
( THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY ) ALWAYS DO YOUR OWN ANALYSIS AND TRADE RESPONSIBLY.🙂$BTC
M: maximum of the structure, where the price tested resistance and rejected — possible UTAD (Upthrust After Distribution).
D: start of distribution (high consolidation zone), where large players usually unload positions before the reversal.
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📉 Technical Interpretation
The green rectangle drawn indicates a projected drop (likely target). The pattern is similar to a double top + structure break (CHOCH), which reinforces the reversal scenario. 📈📉🍀📊🌽
#BARD $The price went through the accumulation phase, then the manipulation phase, and is now in the distribution phase. There was a liquidity capture and, subsequently, the confirmed entry in the CHoCH #BinanceHODLerBARD
if the price is making higher highs and higher lows, the ChoCh will occur when the asset fails to create new highs and begins to liquidate the lows a good opportunity #DOGE #BTC