$BTC appears a cash flow mobilization area with low volume, so wait patiently at the current stage!
After BTC rose to the area of 97.7k with the timid volume of organizations on the evening of November 29, 2024, the price did not break out of the upper price range analyzed in my previous post, so it is better to be cautious at the current stage. Currently, we are still in a positive scenario where BTC is re-accumulating and there has not been any distribution behavior from organizations here. However, smart money at this stage is not really decisive in continuing to push the BTC price but is still cautious in checking the supply force in the price range of 96-97k.
The current period of frustration is almost similar to the period on October 25, 2024, when BTC after a price push from the price range of 63k - 69k re-accumulated to shake off most individual investors before entering a new upward phase to the range of 72k.
And currently, we are also in the re-accumulation phase (87k-97k) of organizations, and we have not seen any strong shake-off of organizations similar to the period on October 26, 2024, or the prolonged frustration phases like on October 12, 2024.
So, the safe strategy at this stage is to wait for strong shake-offs from the organization’s cash flows from the range of 97k down to the range of 91k, similar to the period on October 26, 2024, or the frustration psychological zones similar to the period on October 12, 2024. After the above phases, we will look for areas of supply and demand balance and then start to buy in, which is not too late, everyone!
