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$BTC : whales are accumulating longs while retail panics
All week, the price was traded within the monthly support range 📊M-Levels $62259–$64100, which added a bit of nervousness to the market. The weekly 🧩IMA shows that over the past week large players resumed accumulating long positions on market pullbacks, while retail and mid-tier traders were frantically selling on the news.
The attempt to push the price higher once again ran into seller activity in the weekly resistance zone 📊W-Levels $64360–$65255.
At the end of the week, we can conclude that the market is trying to resume growth, supported by large players.
🟡 Preliminary plan: a safe entry into a position can only be considered after a breakout of the weekly resistance, with a stop-loss below the monthly support.
That’s my analysis — your turn 👍
Analysis based on IMA (Integrated Market Analysis)
📊M-Levels / 📊W-Levels — the level of institutional interest
#BTC
#BTCWhale #InstitutionalLevels #Crypto