In this video, I break down why Bitcoin's market structure is shifting bearish. I explain the distribution phase, the key signs to watch for, and why I believe price is likely to trade lower. To give you a clearer picture, I also show a real example for comparison.
🚀 Topics Covered:
BTC structure switching bearish 📉
Understanding the distribution phase
Why I expect price to drop 🔻
A real example for comparison
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Trade active
This is the MSTR/BTC.D Chart. It shows strength against BTC and a potential bottom formation.
Trade safe.
Note
Looking at current price action, it seems like Price will consolidate in a "bigger" range until May-June. Expecting a very choppy price ride. Wouldn't suggest to dibble dabble in mid ranges.
I will be looking for following trades: Range Low (73k-65k) -> Longs Range High (97.5-100k) -> Shorts
Price Expansion towards new ATH's is expected by the end of June. > 150k and beyond
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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.