⚠️ VIEW #19 |
$BTC BTC DISTRIBUTION – SHORT MIDCAP
🧠 Summary of BTC trend
• BTC has completed the Wyckoff distribution top pattern and is entering a markdown phase.
• A strong sell-off just occurred at the peak of ~115.720 USDT with maximum volume → whales are selling off aggressively.
• The current price is hovering around 113.9k, continuously testing the short-term bottom of 113.5k.
• RSI 5P – 15P – 1H are all below 35, confirming bearish momentum.
• OBV and MACD both indicate a clear outflow of funds.
→ Conclusion: BTC should not be long, prioritize observing the reaction at 114.5k to set up a short on altcoins during the technical bounce.
⏳ Action scenario
• If BTC bounces to 114.5k – 114.9k and then shows a large volume sell-off → short ens, ltc, link,…
• If BTC breaks 113.5k, then enter positions for coins that are not too late for entry.
• Do not enter a position if BTC exceeds 115.2k with large volume (invalid setup).
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