Bitcoin / TetherUS
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BTC Distribution Scenario

1414
I'm considering a new scenario following the breakdown of price below supportive structure. It's a scenario pattern that's undoubtedly familiar - everyone's favorite, the Wyckoff distribution trend.

Several elements support this structure are worth noting:

- The distribution phase is occurring just above the previous all-time high (ATH).
- This potential top is showing a monthly bearish divergence vs 2021 ATH.

While the structure of these patterns never perfectly aligns with Wyckoff's illustrations, they often follow key stages marked by significant swings in price. This scenario presents swings of around 25%

The scenario assumes that we've entered Phase B, moving towards the Sign of Weakness (SOW) below initial support (target price would be 59K range mid-April) before a move to the Upthrust (UT).

Best, Hard Forky
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Monthly - just a point of interest 快照
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bearflag forming 快照
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re-entry into the flag channel 快照
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expecting move down 快照
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the channel held, likely pivot from distribution structure 快照
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support touch 快照
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SOW hit 快照
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pullback 快照
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stage target hit 快照
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1st target SWB:69K 快照
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Updated Timelines : 快照
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Final leg up in Phase B - 快照
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Upward Thrust - 快照

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