BTC Re-Accumulation Breakout | Daily Close Confirmed | Phase D
Bitcoin just confirmed its first daily close above the pennant breakout, reclaiming the previous ATH (~110K) with conviction.
We now have both structural breakout confirmation on the 1D chart and clear Wyckoff Phase D progression on the 4H.
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1D Chart Highlights:
• Daily Close: 110,993
• Breakout from bullish pennant
• Volume expanding into the breakout
• RSI: 75.38 → strong momentum, not overbought exhaustion
• TP Ladder:
• TP1: 112.8K (Upper BB)
• TP2: 116.2K (Fib 0.618)
• TP3: 118.2K (Fib 0.66 + trailing)
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4H Chart Highlights (Wyckoff Re-Accumulation):
• SPRING → TEST → LPS → SOS
• Structure has shifted into Phase D
• Currently forming a BU→ATH zone retest (textbook Back-Up)
• Volume declining, showing lack of supply
• RSI: 67.60 (bullish territory)
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No Short Hedge Triggered
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Summary:
This is a low-risk consolidation above previous ATH, backed by strong momentum and classic Wyckoff mechanics.
As long as BTC holds above ~110K and volume remains controlled, bullish continuation toward 116–118K remains the base case.
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#Bitcoin #BTCUSDT #Wyckoff #Crypto #Reaccumulation #Breakout #TradingView #TechnicalAnalysis #PhaseD
We now have both structural breakout confirmation on the 1D chart and clear Wyckoff Phase D progression on the 4H.
⸻
1D Chart Highlights:
• Daily Close: 110,993
• Breakout from bullish pennant
• Volume expanding into the breakout
• RSI: 75.38 → strong momentum, not overbought exhaustion
• TP Ladder:
• TP1: 112.8K (Upper BB)
• TP2: 116.2K (Fib 0.618)
• TP3: 118.2K (Fib 0.66 + trailing)
⸻
4H Chart Highlights (Wyckoff Re-Accumulation):
• SPRING → TEST → LPS → SOS
• Structure has shifted into Phase D
• Currently forming a BU→ATH zone retest (textbook Back-Up)
• Volume declining, showing lack of supply
• RSI: 67.60 (bullish territory)
⸻
No Short Hedge Triggered
⸻
Summary:
This is a low-risk consolidation above previous ATH, backed by strong momentum and classic Wyckoff mechanics.
As long as BTC holds above ~110K and volume remains controlled, bullish continuation toward 116–118K remains the base case.
⸻
#Bitcoin #BTCUSDT #Wyckoff #Crypto #Reaccumulation #Breakout #TradingView #TechnicalAnalysis #PhaseD
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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.