Bitcoin Is Repeating The Same Distribution Signature...But One Detail Has Changed:
The chart is once again printing a familiar sequence:
🔹 Rising wedge breakdown
🔹 Bearish Order Block + FVG rejection
🔹 ~30% impulsive sell-off
🔹 Descending channel compression
🔹 LTF breakout confirmation
The LTF breakout is now complete, so I'm expecting a relief rally toward $67K liquidity and potentially $74K, the key HTF resistance.
The $74K-$75K zone will decide Bitcoin's next major move.
🔹 HTF close above $75K → Bearish fractal invalidated.
🔹 Rejection below $75K → If this fractal plays out again, I'm highly confident BTC can trade below $50K.
$75K or sub-$50K first? 👇
NFA & DYOR
The chart is once again printing a familiar sequence:
🔹 Rising wedge breakdown
🔹 Bearish Order Block + FVG rejection
🔹 ~30% impulsive sell-off
🔹 Descending channel compression
🔹 LTF breakout confirmation
The LTF breakout is now complete, so I'm expecting a relief rally toward $67K liquidity and potentially $74K, the key HTF resistance.
The $74K-$75K zone will decide Bitcoin's next major move.
🔹 HTF close above $75K → Bearish fractal invalidated.
🔹 Rejection below $75K → If this fractal plays out again, I'm highly confident BTC can trade below $50K.
$75K or sub-$50K first? 👇
NFA & DYOR
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.