#BTCUSDT $BTC
📊 BITCOIN — WYCKOFF UPDATE
Bitcoin is currently going through a distribution phase according to the Wyckoff model.
📉 As soon as we break out of this range to the downside, I expect a sharp move lower toward the green zone.
The longer price remains inside this range, the more confident I become in my scenario of another leg down.
🧠 In my view, it’s still too early to look for LONG entries.
By the second half of October, we’ll see whether the market is finally ready for buying opportunities. For now, I’m working primarily from the SHORT side.
⚠️ Not financial advice. This is my personal opinion. Manage your risk.
💰 Wishing everyone profitable trades!
📊 BITCOIN — WYCKOFF UPDATE
Bitcoin is currently going through a distribution phase according to the Wyckoff model.
📉 As soon as we break out of this range to the downside, I expect a sharp move lower toward the green zone.
The longer price remains inside this range, the more confident I become in my scenario of another leg down.
🧠 In my view, it’s still too early to look for LONG entries.
By the second half of October, we’ll see whether the market is finally ready for buying opportunities. For now, I’m working primarily from the SHORT side.
⚠️ Not financial advice. This is my personal opinion. Manage your risk.
💰 Wishing everyone profitable trades!
