Bitcoin is advancing through a textbook Wyckoff Re-Accumulation structure on the 4H chart. After the Spring and multiple LPS confirmations, price surged above the previous range high (~110k), entering a strong Sign of Strength (SOS) rally.
We now observe:
✅ Second 4H candle close above ATH (110,000)
✅ RSI: 70.9 → Strong bullish momentum
✅ Volume: Above MA during breakout, healthy but slightly declining
✅ Bollinger Bands: Price hugging upper BB (111,227)
✅ Structure forming a Backup (BU?) test near ATH
The current move targets a measured pennant breakout projection:
🎯 TP1: 115,224
🎯 TP2: 116,199
🎯 TP3: 117,449 – 118,237 (Fib extension confluence)
This aligns with Wyckoff Phase E and continuation of the markup cycle.
No short setups valid — trend remains firmly bullish. Pullbacks to 110k could offer high-conviction long entries as BU confirmation.
#Bitcoin #BTCUSDT #Wyckoff #CryptoTA #BTCAnalysis #Reaccumulation #TradingView
We now observe:
✅ Second 4H candle close above ATH (110,000)
✅ RSI: 70.9 → Strong bullish momentum
✅ Volume: Above MA during breakout, healthy but slightly declining
✅ Bollinger Bands: Price hugging upper BB (111,227)
✅ Structure forming a Backup (BU?) test near ATH
The current move targets a measured pennant breakout projection:
🎯 TP1: 115,224
🎯 TP2: 116,199
🎯 TP3: 117,449 – 118,237 (Fib extension confluence)
This aligns with Wyckoff Phase E and continuation of the markup cycle.
No short setups valid — trend remains firmly bullish. Pullbacks to 110k could offer high-conviction long entries as BU confirmation.
#Bitcoin #BTCUSDT #Wyckoff #CryptoTA #BTCAnalysis #Reaccumulation #TradingView
Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
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Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.