📌 Price is now being squeezed between major trendline support and ATH resistance (~110K) — forming an apex structure, typical of Wyckoff Phase D → Phase E transitions.
🧠 Wyckoff Structure So Far:
Phase A/B/C: BC → ST → UT → Spring → LPS
Phase D: Multiple SOS rallies followed by a BU (backup to edge of creek)
Now: Testing the upper boundary of the range again — is this the launch point for Markup (Phase E)?
🔼 Bullish Breakout Conditions:
✅ 4H close above 110,625
✅ Rising volume above 27.4K MA
✅ RSI > 60
🟢 Targets:
TP1: 116,199 (measured move from pennant)
TP2: 117,449–118,237 (Fib confluence zone)
TP3: Trailing TP with 1.0% callback
🔽 Bearish Breakdown Risk:
❌ Close below 107,867 with RSI < 45 + rising volume
Would signal failure of the BU and reversion toward:
BC: 105,863
AR: 100,678
📊 Indicators:
RSI: 55.77 (neutral/bullish)
Volume: Still below average — shows compression
55 SMA: 107,762.7
BB Midline: 108,653.9
⚖️ No hedge short entry valid yet
Let the apex resolve — patience until confirmation.
#Bitcoin #BTCUSDT #Wyckoff #CryptoTrading #TechnicalAnalysis #BTC
🧠 Wyckoff Structure So Far:
Phase A/B/C: BC → ST → UT → Spring → LPS
Phase D: Multiple SOS rallies followed by a BU (backup to edge of creek)
Now: Testing the upper boundary of the range again — is this the launch point for Markup (Phase E)?
🔼 Bullish Breakout Conditions:
✅ 4H close above 110,625
✅ Rising volume above 27.4K MA
✅ RSI > 60
🟢 Targets:
TP1: 116,199 (measured move from pennant)
TP2: 117,449–118,237 (Fib confluence zone)
TP3: Trailing TP with 1.0% callback
🔽 Bearish Breakdown Risk:
❌ Close below 107,867 with RSI < 45 + rising volume
Would signal failure of the BU and reversion toward:
BC: 105,863
AR: 100,678
📊 Indicators:
RSI: 55.77 (neutral/bullish)
Volume: Still below average — shows compression
55 SMA: 107,762.7
BB Midline: 108,653.9
⚖️ No hedge short entry valid yet
Let the apex resolve — patience until confirmation.
#Bitcoin #BTCUSDT #Wyckoff #CryptoTrading #TechnicalAnalysis #BTC
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Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
Related publications
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.