As it says on the tin, an analysis to establish whether the current bottom would fulfill the Wyckoff criteria. Volume is a bit hard to read, as BTC went through 3 black swan events in a row (LUNAUST/3AC/FTX), of which the latter closed the second biggest exchange in the market, which certainly impacted volume. That said, the principles still seem to hold.
We now need to see a BUAC on diminishing volume, followed by demand being in charge for Phase E. Feels a bit like sailing against the wind, but the chart never lies, they say.
really appreciate your posts, crisp and decisive. On the daily TF, looking at RSI, if we were to BU further below than LPS, that'd be a lower low for price and also lower low for RSI, invalidating any bullish divergence therefore potentially setting us back below the creek and continued accumulation to then wait to repeat another SOS attempt and breakout. Maybe though, if price dips below LPS, it finds major demand zone and whipsaws up and out for rally, divergence be damned, lol.