$BTC is carving out a 4H M-top structure right below the $87,260 resistance high, and everything hinges on the $85,070 neckline.
A confirmed 4H close below $85,070 opens immediate downside toward the previous range ceiling at $81,970. Slicing through $81,970 confirms the entire breakout was the Manipulation phase of an AMD setup, unlocking the Distribution phase toward $78,000.
Keep in mind there is still residual liquidity sitting near $88,500. Be alert for a fast wick into $88,500 to wipe late breakout shorts before the real flush begins.
- Short Trigger 1: 4H close below $85,070 (Target: $82,000)
- Short Trigger 2: 4H close below $81,970 (Target: $78,000)
- Invalidation: 4H close above $88,800
A confirmed 4H close below $85,070 opens immediate downside toward the previous range ceiling at $81,970. Slicing through $81,970 confirms the entire breakout was the Manipulation phase of an AMD setup, unlocking the Distribution phase toward $78,000.
Keep in mind there is still residual liquidity sitting near $88,500. Be alert for a fast wick into $88,500 to wipe late breakout shorts before the real flush begins.
- Short Trigger 1: 4H close below $85,070 (Target: $82,000)
- Short Trigger 2: 4H close below $81,970 (Target: $78,000)
- Invalidation: 4H close above $88,800
