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BTC: Potential Short-Term Distribution

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Things are looking a bit supply-dominant for BTC after failing to rally above range support. Volume metrics have been showing decisive selling power for a few weeks now, with a marked UTAD and a series of subsequent last points of supply following the price action back down to TRS, where it currently hugs with more demand rejection wicks.

Nothing is 100% in crypto. But if I had to take a guess based of fundamental VSA-Wyckoff analysis, I'd say there's a good chance of a sell-off in the books. Fibonacci retracements provided in the event of a markdown. Good luck to everyone.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.