Bitcoin Wyckoff Distribution pattern

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Disclaimer: This is not financial advice. The following is for educational and informational purposes only.

Based on the current 1-hour timeframe, Bitcoin appears to be forming a potential Wyckoff Distribution pattern. If we see a liquidity sweep towards the upside—particularly around the 95,580 to 95,763 levels—and a subsequent bearish confirmation pattern forms on the same timeframe, we could anticipate a possible move down towards the 93,000 support zone.

Should the price fail to hold at that level, a deeper correction towards the 86,000 area could play out in the coming sessions. However, it is important to note that this scenario is valid only if a clear bearish structure forms post-liquidity sweep on the 1-hour chart.

No strategy guarantees 100% accuracy, and market conditions can change rapidly. This is merely a technical outlook and should not be construed as an investment or trading recommendation.
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1-hour candle closing below 96,315 confirms the formation of a bearish structure. The immediate support lies at 95,751, while the key support level to watch remains at 93,604.

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