Bitcoin just posted a decisive 4H candle close below 55 SMA, mid-Bollinger Band, and the primary ascending trendline. Volume spiked to 7.31M, and RSI dropped to 38, confirming bearish momentum.
⸻
🧩 Wyckoff Structure Under Threat:
• ❌ LPS level invalidated
• ❌ Phase D uptrend broken
• 📉 No breakout above ATH (~109.8K) after three attempts
• 🟠 Still holding BC (Pole End) at ~105.8K
• 🔁 If this breaks next, the entire Phase D/E thesis collapses
⸻
🔻 What’s Next?
• Support:
• S1: Lower BB (~106.9K)
• S2: 105.8K (BC level — key structural base)
• Break of 105.8K = invalidation of reaccumulation, transition into potential distribution. Watch for daily close for confirmation.
• S3: Point of control at 104k
⸻
📊 Breakdown Triggers Confirmed:
• ✅ Close below mid-BB (108.9K)
• ✅ RSI < 45
• ✅ High-volume red candle
• ✅ Structural break of ascending LPS pattern
A short hedge can be initiated with a tight stop over breaking candle high. Note that this could be the shakeout moment i mentioned in my related post.
⸻
Unless BTC recovers 108.5K+ with rising volume quickly, this is now a valid short breakdown, and reaccumulation thesis hangs by a thread.
#Bitcoin #BTCUSDT #Wyckoff #Breakdown #CryptoTA #BTC4H #PriceAction #TechnicalAnalysis
⸻
🧩 Wyckoff Structure Under Threat:
• ❌ LPS level invalidated
• ❌ Phase D uptrend broken
• 📉 No breakout above ATH (~109.8K) after three attempts
• 🟠 Still holding BC (Pole End) at ~105.8K
• 🔁 If this breaks next, the entire Phase D/E thesis collapses
⸻
🔻 What’s Next?
• Support:
• S1: Lower BB (~106.9K)
• S2: 105.8K (BC level — key structural base)
• Break of 105.8K = invalidation of reaccumulation, transition into potential distribution. Watch for daily close for confirmation.
• S3: Point of control at 104k
⸻
📊 Breakdown Triggers Confirmed:
• ✅ Close below mid-BB (108.9K)
• ✅ RSI < 45
• ✅ High-volume red candle
• ✅ Structural break of ascending LPS pattern
A short hedge can be initiated with a tight stop over breaking candle high. Note that this could be the shakeout moment i mentioned in my related post.
⸻
Unless BTC recovers 108.5K+ with rising volume quickly, this is now a valid short breakdown, and reaccumulation thesis hangs by a thread.
#Bitcoin #BTCUSDT #Wyckoff #Breakdown #CryptoTA #BTC4H #PriceAction #TechnicalAnalysis
Dagangan ditutup: sasaran tercapai
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.