This chart illustrates a potential Wyckoff Distribution Event, signaling a bearish reversal pattern. The rounded top formation suggests distribution at higher levels, with multiple LPSY (Last Point of Supply) indicating selling pressure.
Key takeaways:
Upthrust (UT) in Phase B marked as a key rejection zone.
While people are watching the green lines, i believe that we get one last shakeout.
CME Gap at ~$78K has a 69% probability of being filled, acting as a potential target.
The overall structure suggests that Bitcoin could experience further markdown phases unless a strong bullish reclaim occurs. Traders should monitor support levels around $94K and $78K while considering potential short setups.
Stay safe fam!
Key takeaways:
Upthrust (UT) in Phase B marked as a key rejection zone.
While people are watching the green lines, i believe that we get one last shakeout.
CME Gap at ~$78K has a 69% probability of being filled, acting as a potential target.
The overall structure suggests that Bitcoin could experience further markdown phases unless a strong bullish reclaim occurs. Traders should monitor support levels around $94K and $78K while considering potential short setups.
Stay safe fam!
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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。