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Bitcoin / TetherUS
Short

Bitcoin has formed a Wyckoff Distribution Schematic

BTCUSDT is forming a perfect "Wyckoff Distribution Schematic #1"

$42,000 seems like a key level as it is the support area for the Wyckoff schematic and might be the daily 200 EMA . However, if it fails to remain above the $42,000 support area the next target could be the $30,000 key level as it's a static support line and might also be the daily 500 EMA .
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Bitcoin (Cryptocurrency)bitcoinforecastMoving AveragesSupport and ResistanceTrend Analysiswyckoffwyckoffdistribution
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