Here is the rewritten analysis with a clean, professional structure:
$BTC – The Most Important Chart Right Now
I believe the key chart we need to
What Happened:
· USDT.D had the scam wick (the 59K BTC wick)
· It then moved up and retested the prior range highs on the left — and rejected
· Now it's showing signs of accepting back below, a textbook acceptance back into the range
As of now, as long as this retest holds, we are theoretically showing acceptance back into the range.
What This Means for BTC:
If USDT.D holds this retest and continues accepting back into the range, we can target the grey box — which has been my primary focus on the higher timeframe.
I don't think we will test 6.67% — that seems unlikely given the strong bearish trend. But a test of the grey box is definitely plausible after this move down for BTC.
We've had 5 consecutive red months. Even the smallest retest would help rebalance the market.
The Flip Side:
If we break above the previous high, BTC likely breaks down to 50K.
In that scenario, we would only get the bearish retest after sweeping the current ATH on USDT.D — which would be quite surprising without first getting a meaningful bearish retest.
#BTC #Bitcoin #USDTD #Analysis
Trade $BTC Here 👇🏻
