$BTC is currently in an uptrend with a supply surge. How should we handle this???
Currently, people are extremely fomoing in the uptrend market; however, during BTC's rise, there is always a surge of supply in the market, which is an inevitable market rule that has occurred for many years. Each uptrend phase has adjustments that can be strong or weak. And yesterday, we witnessed a correction with an average supply surge. In the uptrend cycle from 2-2024, on the session of 14-2-2024, BTC also experienced a similar supply surge to the current stage, followed by a re-accumulation zone before continuing the uptrend.
According to WICKOFF's analysis of the cause-and-effect rule, a coin must undergo re-accumulation as a cause to increase sustainably, rather than through distribution. This rule, when applied to BTC, was extremely accurate when we look at smaller price frames on 14-2-2024.
So, in the current stage, based on the cause-and-effect rule, to find an optimal buying point to achieve the highest profit in such an uptrend market, we need to wait for BTC to re-accumulate in the range of 95.9k to 98k to absorb the supply surge, creating a re-accumulation cause before entering the next price push phase.
Thus, we still have many opportunities since BTC has not finished creating the cause zone, so we do not need to fomo at the current stage but wait for BTC to test back to the 95.9k zone, my friends! The uptrend is still long, so avoid fomoing in the supply surge stage and before this cause is created!
