Bitcoin just posted a decisive 4H candle close below 55 SMA, mid-Bollinger Band, and the primary ascending trendline. Volume spiked to 7.31M, and RSI dropped to 38, confirming bearish momentum.
⸻
🧩 Wyckoff Structure Under Threat:
• ❌ LPS level invalidated
• ❌ Phase D uptrend broken
• 📉 No breakout above ATH (~109.8K) after three attempts
• 🟠 Still holding BC (Pole End) at ~105.8K
• 🔁 If this breaks next, the entire Phase D/E thesis collapses
⸻
🔻 What’s Next?
• Support:
• S1: Lower BB (~106.9K)
• S2: 105.8K (BC level — key structural base)
• Break of 105.8K = invalidation of reaccumulation, transition into potential distribution. Watch for daily close for confirmation.
• S3: Point of control at 104k
⸻
📊 Breakdown Triggers Confirmed:
• ✅ Close below mid-BB (108.9K)
• ✅ RSI < 45
• ✅ High-volume red candle
• ✅ Structural break of ascending LPS pattern
A short hedge can be initiated with a tight stop over breaking candle high. Note that this could be the shakeout moment i mentioned in my related post.
⸻
Unless BTC recovers 108.5K+ with rising volume quickly, this is now a valid short breakdown, and reaccumulation thesis hangs by a thread.
#Bitcoin #BTCUSDT #Wyckoff #Breakdown #CryptoTA #BTC4H #PriceAction #TechnicalAnalysis
⸻
🧩 Wyckoff Structure Under Threat:
• ❌ LPS level invalidated
• ❌ Phase D uptrend broken
• 📉 No breakout above ATH (~109.8K) after three attempts
• 🟠 Still holding BC (Pole End) at ~105.8K
• 🔁 If this breaks next, the entire Phase D/E thesis collapses
⸻
🔻 What’s Next?
• Support:
• S1: Lower BB (~106.9K)
• S2: 105.8K (BC level — key structural base)
• Break of 105.8K = invalidation of reaccumulation, transition into potential distribution. Watch for daily close for confirmation.
• S3: Point of control at 104k
⸻
📊 Breakdown Triggers Confirmed:
• ✅ Close below mid-BB (108.9K)
• ✅ RSI < 45
• ✅ High-volume red candle
• ✅ Structural break of ascending LPS pattern
A short hedge can be initiated with a tight stop over breaking candle high. Note that this could be the shakeout moment i mentioned in my related post.
⸻
Unless BTC recovers 108.5K+ with rising volume quickly, this is now a valid short breakdown, and reaccumulation thesis hangs by a thread.
#Bitcoin #BTCUSDT #Wyckoff #Breakdown #CryptoTA #BTC4H #PriceAction #TechnicalAnalysis
交易結束：目標達成
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Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。