We have witnessed a major turning point in the
journey of $BTC as it confirmed the final shakeout and officially entered the cash flow mobilization phase! BTC has now followed our plan as it successfully touched the
66k level, then broke through 67.7k, and is now at 68.2k, ready to move towards the 69k peak, marking a new cash flow mobilization phase.
According to Wickoff theory, #BTC has completed the shakeout phase and now is the time to mobilize smart money, to push BTC price to break out of 69k. For this mobilization phase to be successful, we
need to see increased trading volume in the 69k-70k area,
showing the participation of organizations in the price pushing process.
Once institutions start investing, they will have to test the supply and demand
at their capital price. If there is too much supply force
in this process, the transition from phase D to phase B will fail. On the contrary, if we succeed, we will see a stable accumulation zone lasting 9-11 days in the 68k-69k area, helping to eliminate
retail investors to reduce the cost of the price push process.
At this point, with the confirmation from the institutions about the cash flow mobilization phase, we should only enter long positions on BTC and
#altcoin in the ecosystem. If you want to short, wait for BTC to reach the peaks near 69k-70k and only place short-term orders
during this period.