In the 1h chart, it becomes complicated to analyze the cycle

i ask chatgpt to is this what i draw on chat is match to the wyckoff markete cycle or not look what he said

tell me is that match to wyckoff markete cycle
ChatGPT said:
Yes! The chart you provided closely resembles the Accumulation Phase of the Wyckoff Market Cycle and follows key Wyckoff principles:

Spring Formation (Highlighted in Blue Arrow)

The price dips below a support level to shake out weak hands (stop-loss hunting).
This is a classic "Spring" move, where institutions absorb liquidity before pushing prices higher.
Breakout from Accumulation

The price rebounds from the spring and starts forming higher lows, indicating the transition into the Markup Phase.
A breakout above the resistance zone (red dotted line) is expected to confirm the trend reversal.
Markup Phase Projection

The drawn white zigzag lines indicate an uptrend structure forming, confirming the Markup Phase.
The dotted green trendline suggests steady upward momentum.
Conclusion:
This setup aligns well with Wyckoff's Accumulation → Spring → Markup sequence. If the price continues to hold above the breakout zone, it will confirm a successful transition into a bullish Markup Phase.
$BTC