📌 Current status of Bitcoin ~113K USD: Distribution or Decline?

✅ Signs of Distribution Phase:

• According to Wyckoff cycle theory, distribution is the early phase where large investors start selling, and prices begin to lose momentum after a bull run. Recently, the price of BTC bounced back to the ATH region (~123K) and then decreased, showing a structure similar to that distribution phase.

• Some analyses suggest that BTC is forming a distribution range pattern at the peak, warning of a potential markdown phase about to start.

• Trading volume is decreasing while the price remains high, indicating weak buying pressure—this is a classic sign of distribution (volume narrowing at highs).

⛔ Early decline signals (bearish):

• The price has broken below support at 115K–116K, and the short-term target may aim towards 110–112K if it does not recover quickly.

• Technical analyses show that Bitcoin is testing the long-term support trendline; if it loses this area, the risk of a strong reversal increases.

• Factor: Price Pattern

▸ Current Status: Broken trendline, broken support

▸ Market Phase: Near Distribution / Reversal

• Factor: Trading Volume

▸ Current Status: Decreasing while the price remains high

▸ Market Phase: Sign of Distribution

• Factor: Support Breakdown

▸ Current Status: Level 115K–116K has been breached

▸ Market Phase: Beginning of short-term decline

🎯 Conclusion:

Bitcoin seems to be entering the Distribution Phase and is likely to shift into a decline if it does not recover quickly in the 116–117K range. #btc #crypto $BTC