#MyFirstSquarePost 28/10/2024.

First time posting. If there are any mistakes, please feel free to give feedback.

Regarding the price of BTC, in my opinion, we are currently at a peak distribution phase, with volume comparable to the 6x phase in 2021. If people see BTC rise to 72-74k or higher for a while, it's not surprising because there always has to be a final setup for the market before returning to another accumulation phase. My perspective is that the current economic situation is heavily influenced by geopolitical factors, new financial system disparities, and continuously emerging new conflict areas. Thus, all current high price areas are only temporary. To put it more reasonably, it is very difficult to convince institutional investors to accumulate at the current price level. Let's observe and wait.