Technical analysis by Bilquey about Symbol BTC: Sell recommendation (2/4/2025)

Price action strongly resembles the Wyckoff distribution phase, which could indicate that the cycle top is in. We are waiting to see if a final high will be set or not.The invalidation of this idea is straightforward:If the price breaks above 110K and finds acceptance there—such as with a monthly close—this would be a reaccumulation rather than a distribution.