$BTC The game continues to delay!
As we analyzed at the 102k area yesterday, if the cash flow continues to maintain with large volume and there is no sell-off force, then in reality, it has turned 180 degrees with the appearance of a sudden decrease in volume followed by 2 consecutive sessions of sell-off force causing BTC to turn the 102k area from an area preparing to enter an uptrend into a bull trap area (UTAD according to WICKOFF).
And when looking at the top coins on the market such as ETH, SOL, DOGE in yesterday's session, there was no sell-off force and they were in the process of pushing up the price, however, the top coins such as BNB, XRP appeared in a re-accumulation area, causing the market to have a lack of consensus among organizations, so the most positive scenario is that re-accumulation for BTC does not happen.
And in the next period when BTC fails to enter the price push phase at the 102k area, if there is any signal to recover to the 98k-99k area, this is an opportunity for you to escape from the stuck area. And there is a possibility that there will be a phase of abandonment that can cause the price to return to the 90k-91k price range like the session of failure to mobilize cash flow at the 64k area in the period of August 25, 2024.
Therefore, in the next period, you need to observe and stay out of the market. You should not buy early at the current stage, but need to wait for BTC and top coins to show signs of collecting goods again in price areas with exhausted volume, creating a higher bottom than the previous bottom, similar to the sessions creating a bottom in the 90k - 92k area in the period of January 4, 2025 to January 6, 2025, guys!
And currently, top coins like ETH, DOGE, SOL, BNB, XRP are affected by BTC, so they also move according to BTC's movement, but in the re-accumulation zone, there are no large distribution zones yet!