This chart is a technical analysis of **Bitcoin (BTC/USD)** on the **4-hour timeframe** from Binance, illustrating **Wyckoff Market Cycle Phases** applied to recent price action.
### 🧠 Chart Description:
The chart identifies and labels key **Wyckoff phases**:
* **Accumulation (April)**: Price consolidates in a range after a downtrend. This phase marks strong hands accumulating Bitcoin from weak hands.
* **Reaccumulation (late April to early May)**: A bullish continuation pattern where the price pauses temporarily before resuming the uptrend.
* **Distribution (mid-May)**: The price enters another consolidation phase, but this time smart money begins offloading holdings at elevated prices to retail traders.
### 📉 Projected Move:
* A breakdown below the current support is anticipated, leading to a **markdown phase**.
* The red path suggests a significant decline, potentially toward the **\$85,000–\$90,000 range**, indicating bearish momentum.
* After the markdown, **accumulation is expected to resume**, setting the stage for the next potential markup.
### 📊 Supporting Visual:
On the right side, there's a reference schematic titled **“Market Phases” by Readtheticker.com**, which summarizes:
* Accumulation → Markup → Distribution → Markdown → Accumulation cycle.
* It also highlights buying/selling pressure dynamics and behavioral patterns at each phase.
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### 🧠 Chart Description:
The chart identifies and labels key **Wyckoff phases**:
* **Accumulation (April)**: Price consolidates in a range after a downtrend. This phase marks strong hands accumulating Bitcoin from weak hands.
* **Reaccumulation (late April to early May)**: A bullish continuation pattern where the price pauses temporarily before resuming the uptrend.
* **Distribution (mid-May)**: The price enters another consolidation phase, but this time smart money begins offloading holdings at elevated prices to retail traders.
### 📉 Projected Move:
* A breakdown below the current support is anticipated, leading to a **markdown phase**.
* The red path suggests a significant decline, potentially toward the **\$85,000–\$90,000 range**, indicating bearish momentum.
* After the markdown, **accumulation is expected to resume**, setting the stage for the next potential markup.
### 📊 Supporting Visual:
On the right side, there's a reference schematic titled **“Market Phases” by Readtheticker.com**, which summarizes:
* Accumulation → Markup → Distribution → Markdown → Accumulation cycle.
* It also highlights buying/selling pressure dynamics and behavioral patterns at each phase.
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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。