$BTC persistence is the key to success!

Currently, BTC is in an extremely important area, the 98k - 99k area, which is the psychological resistance level where small traders start to take profits extremely much at this stage. And currently, BTC is having an extremely obvious behavior of collecting goods by organizations in this price area when at this 98-99k level, there is no supply or demand force from organizations, but the price only trades without fluctuating in this area. You can see this phenomenon in the period before the uptrend of December 5, 2024, when BTC also only traded around the price of 42k-43k, below the psychological resistance level similar to the current period. And if this scenario really happens, in today's session, if we see any supply force overflowing but the price does not go beyond the 96.3k zone (the capital price of the organization), then we will step one more foot into an uptrend of BTC. And according to WICKOFF, this is the final rejection phase in the process of pushing the price of BTC beyond the 99k-100k mark.

And after this period, we must see BTC continue to fluctuate extremely narrowly in the 97.3 - 98k zone and the cash flow begins to absorb all the supply (profit-taking force) of small traders with increasing volume, then we can start to gradually buy BTC in price zones after the volume is exhausted, similar to the bottoming phase at the 92.3k or 93.6k zone in the period from December 31, 2024 to January 1, 2025.

Because the current drop is very likely to happen, you should stay out and wait for a better entry point similar to the session on December 31, 2024 or January 1, 2025. And also to limit the risk when BTC can continue to re-accumulate and return to the price zone of 92k!