$BTC is showing textbook distribution on the 4H chart.
That recent push above $84.4k wasnt a breakout.
It was a liquidity sweep followed by a sharp rejection.
We now have a confirmed breakdown below the ascending trendline. Market structure has shifted.
The immediate setup is clear:
=> Major support sits at $80.4k.
=> A loss of that level points to a deeper flush below $80k.
Everyone traded the breakout. Few watched the liquidity behind it.
That recent push above $84.4k wasnt a breakout.
It was a liquidity sweep followed by a sharp rejection.
We now have a confirmed breakdown below the ascending trendline. Market structure has shifted.
The immediate setup is clear:
=> Major support sits at $80.4k.
=> A loss of that level points to a deeper flush below $80k.
Everyone traded the breakout. Few watched the liquidity behind it.