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BTC Distributing - Last Point of Supply Confirmed #Wyckoff

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Bitcoin / TetherUS (BINANCE:BTCUSDT)  
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BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Support and Resistance Volume wyckoff VSA volumespreadanalysis
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trendanalysis supportandresistance volumestudies wyckoff vsa volumespreadanalysis
The Wyckoff distribution setup has been in the making for over a week since March 31st and the breakout to the downside appears to be in progress

A drop to 54K is likely and a further move to 51K is possible
Comment:
What first appeared to be distribution now seems more likely to be re-accumulation. As described by David Weiss in "Trades About to Happen" re-accumulation often looks like distribution. The break back into the climactic range area and then breaking above it is confirmation.
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