Wyckoff Distribution & BTC's Next Move – Are We in Phase D?

82
This chart presents a Wyckoff Distribution pattern on Bitcoin (BTC/USDT), outlining the different phases of market manipulation before a potential markdown.

🔍 Key Elements:

PSY (Preliminary Supply), BC (Buying Climax), AR (Automatic Reaction) – Early signs of distribution.

UT & UTAD (Upthrust & Upthrust After Distribution) – False breakouts trapping late buyers.

LPSY (Last Point of Supply) – Lower highs confirming weakness.

SOW (Sign of Weakness) & Phase D Breakdown – Clear rejection of resistance and price decline.

Support & Resistance Lines – Key levels traders are watching now.

📉 What's Next?
After completing Phase D, BTC is attempting to reclaim lost ground. Will it fail at resistance and continue the markdown, or are we seeing a spring before a major rally?

🔥 Like & comment your thoughts! Are we going lower, or is this a bear trap?

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.