Bitcoin continues to compress inside a defined range, resting above both a rising trendline and a former resistance turned support zone. This structure fits cleanly within a Wyckoff-style Accumulation Phase (B-C).
We’re now at a critical moment where smart money may be absorbing supply, preparing for the next phase.
🔍 Key Observations:
Range-bound price action with higher lows and muted volume
Spring-like wick and recovery from the bottom of the range
Support holding at prior breakout zone and ascending trendline
Structure shows signs of stealth accumulation with a possible breakout ahead
Sideways movement with fading volatility
Gradual compression within the range
Strong support defended multiple times (might make the support weaker as well !)
A potential spring/retest event may already be in play
You’ll see fakeouts, wicks, and hesitation in this phase — designed to trap weak hands. But the underlying behavior points to preparation, not distribution.
The quiet before the markup. Let the market reveal its hand. 📈
We’re now at a critical moment where smart money may be absorbing supply, preparing for the next phase.
🔍 Key Observations:
Range-bound price action with higher lows and muted volume
Spring-like wick and recovery from the bottom of the range
Support holding at prior breakout zone and ascending trendline
Structure shows signs of stealth accumulation with a possible breakout ahead
Sideways movement with fading volatility
Gradual compression within the range
Strong support defended multiple times (might make the support weaker as well !)
A potential spring/retest event may already be in play
You’ll see fakeouts, wicks, and hesitation in this phase — designed to trap weak hands. But the underlying behavior points to preparation, not distribution.
The quiet before the markup. Let the market reveal its hand. 📈
DKtrades
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
DKtrades
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.