$BTC: 1-hr - Looking like DISTRIBUTION pattern targetting $61.5kBitcoin / TetherUSBINANCE:BTCUSDTColdBloodedCharterBTC: 1-hr This looks more like distribution than accumulation. On the higher timeframes, bearish RSI divergences remain in place, while on the 1-hour chart a potential double top is forming, with $61,500 acting as the neckline. From my Elliott Wave perspective, the current structure points to a correction toward $61,500. A confirmed breakdown below that level would project a technical target around $58,400. The usual weekend pump could create some artificial volatility and noise, but that's how the chart looks to me at the moment. 💙👽