I compared the current priceaction with the wyckoff distribution and found it like it is in the textbooks, lets hope it plays out and everyone can get the chance for cheaper Bitcoin
Comment:
Retest of the previous support box, now it gets interesting! if we reject around this area we could go lower. Supportzones im watching are around 53k, one scenario I was thinking about also is that in 2021 elon musk pumped the market up and then it crashed 55%. Now that the Etf´s are live this could play out in a similar way. Think of it like this "wallstreet sees that elon has fun pumping some internetmoney several 100%... then the big money want´s a piece of that cake -boom etf released. they get everyone exited and do the same again..". I prepared myself and buyed a little around 57500 and will continously buy as it gets lower expect high level scam wicks!