With that shown, it's a good time to take altcoin profits, BTC long profits, and start setting up some short positions. You don't have to close all of them; some will do. Just be aware that if BTC ChoCHs and commits to a fall, we're retracing all this progress and alts die.

$BTC update.

About three days ago I claimed that if we were to get a bullish breakout from 90k, that would mean 100k.

We got the bullish breakout and here we are, $97600. Now for the update: I don't think this will actually reach 100k from here.

While not that far away, on the 1d scale, there's a clear Wyckoff Distribution going on, and the price shouldn't surpass the last point of supply, at exactly 100k, for the structure to be valid.

This way, if the institutions are now pushing for Phase E, after an UTAD, the price should naturally fall from here, hard, all the way to 86k.

It's a good opportunity to short with SL at 101k.