BTC/USDT ₿ • Testing the Intentions Phase

Bitcoin is currently at the peak of its upward wave, facing its first real test of the strength of this rise. After reaching a new peak at $125,708, we have seen the initial appearance of sellers, and the price has started to correct slightly. The current movement is a "tug of war" between those taking profits above and those still convinced of the rise and buying in hopes of breaking the peak.

Important Technical Points:

* The last peak (the ceiling): The area 125,708$ is now the most important resistance. Any attempt to break it and fail will confirm the beginning of the correction.

* The first support (the floor): The area $121,960. This area is the first line of defense for buyers. Staying above it maintains the positive outlook.

Possible Scenarios:

1. Positive accumulation scenario: The price may continue to move sideways for a while between the support 122,000$ and the resistance $125,700, to gather momentum before attempting to break the peak again.

2. Negative correction scenario: If the support at 122,000$ is clearly broken, this will signal the beginning of a deeper correction wave, which could take us to the $119,300 areas.

The general trend is still upward, but the momentum has started to weaken. The current period is one of monitoring and caution. Breaking the last peak means the party continues, while breaking the first support means the beginning of cooling off and profit-taking.

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