Wyckoff Schematic for BTC
This is a Wyckoff Schematic for BTC. Bitcoin is quite bearish in the short term, although market sentiment seems 'fear', it is actually not the case. The number of 'pumps and dumps' shit coins are still at ATH, no retail nor institution money flooding in, BTC dominance ATL, futures open interest high, on-chain data still weak. Price actions are mainly driven by futures & options speculators, not spot buyers. Buyers have to reaccumulate.
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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.