Bitcoin: Wyckoff Distribution Dey Eye $95K, RSI Divergence
Bitcoin price dey show sign say e fit pause as Wyckoff distribution pattern dey, e mean say big holders fit dey offload their positions. Failure breakout for above $122,000 plus bearish RSI divergence show say momentum dey weak. Main support dey between $92,000 and $95,000; if dem break am, e fit trigger deeper markdown wey go target that zone. Traders go dey watch the $117,000–$117,500 CME futures gap, the 4H 200MA/EMA confluence, and the upcoming US CPI data for signs wey fit cause volatility. Risk management na important: set stop-loss near support and use any dip as chance to buy for long term. Altcoin rotation plans fit help if distribution confirmed.
Bearish
Di combined analysis dey show plenty bearish signs for Bitcoin. Wyckoff distribution patterns plus failed breakout pass $122,000 mean say big holders fit dey sell their positions. Bearish RSI divergence confirm say momentum dey weak. Critical support between $92,000 and $95,000 fit break, wey fit start markdown phase. Short-term traders fit see this down pressure as chance to open short positions, while long-term investors suppose use stop-loss orders and see dips as buying windows. CME futures gap and U.S. CPI data add potential for market wahala, e make dem cautious, bearish till support hold.