BTC/USDT Distribution Pattern with CME Gap Focus
This chart illustrates a potential distribution pattern for Bitcoin (BTC/USDT) on the daily timeframe, characterized by lower highs and increased selling pressure near key resistance. The chart highlights a CME gap acting as a possible support zone, alongside significant volume spikes confirming selling activity. The setup suggests bearish continuation, with a defined risk-to-reward ratio visible through the marked stop-loss and take-profit zones. The EMA (25) serves as a dynamic resistance, reinforcing the bearish bias.
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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.