📊 $BTC Market Update (As of August 18, 2026) 🧵👇
🔍 Macro Outlook: Wyckoff Markdown Phase
BTC has been moving inside a descending channel under a macro Wyckoff Markdown Phase since May 6, 2026.
Current supply sits near 61,309.65 with falling volume, pointing to an overall lack of aggressive retail panic selling at these levels.
🧱 Micro Structure: Accumulation Base Building (66% Progress)
Despite the macro downtrend, a bottoming Wyckoff Accumulation phase initiated on June 5, 2026 is now 66% formed.
Key structural checkpoints completed (4/8): SC → AR → ST → Spring → Test → LPS.
Price is currently trading around $64,206.61, testing the upper
boundary of the base near minor over-bought conditions.
🎯 Key Levels & Strategy
Buy Trigger: Watch for a confirmed daily close > 67,292.15 to validate completion of the accumulation base.
Target: A successful breakout opens up a measured path toward $75,453.39.
What is your bias on Bitcoin right now? Are you expecting a breakout or another retest? Let me know below! 👇
#BTC
🔍 Macro Outlook: Wyckoff Markdown Phase
BTC has been moving inside a descending channel under a macro Wyckoff Markdown Phase since May 6, 2026.
Current supply sits near 61,309.65 with falling volume, pointing to an overall lack of aggressive retail panic selling at these levels.
🧱 Micro Structure: Accumulation Base Building (66% Progress)
Despite the macro downtrend, a bottoming Wyckoff Accumulation phase initiated on June 5, 2026 is now 66% formed.
Key structural checkpoints completed (4/8): SC → AR → ST → Spring → Test → LPS.
Price is currently trading around $64,206.61, testing the upper
boundary of the base near minor over-bought conditions.
🎯 Key Levels & Strategy
Buy Trigger: Watch for a confirmed daily close > 67,292.15 to validate completion of the accumulation base.
Target: A successful breakout opens up a measured path toward $75,453.39.
What is your bias on Bitcoin right now? Are you expecting a breakout or another retest? Let me know below! 👇
#BTC