$BTC If it is really the bottom, it will naturally recover extremely quickly!

Let's look back at the bottoming phase of btc in the periods of June 23, 2024, early August 2024, early September 2024, when btc touches the bottom, it only takes a maximum of 2 sessions or the fastest is 1 session, there will be an extremely strong recovery session to the upper border very gently without the need for demand to enter with large volume. Because at the bottom areas, the price goes up not due to the demand of organizations but because the supply of organizations does not appear here, so the price goes up according to the demand of small retailers, so we often see extremely small volume at the bottom areas. In the current period, we have seen btc accumulate for 2 days at the bottom, which is enough time for btc to go up naturally with the demand of small retailers, but today we have not seen the price of btc go up, proving that the demand here has not appeared yet from small retailers and organizations. So the current period in terms of demand and time is completely different from the period when btc created the bottom in the period of June 23, early August and September this year. Because of the above 2 conditions, btc has not had a bottom yet.

However, there is only 1 case of creating a bottom when for a long time, 7 days in the period of July 11, 2024, btc moves sideways and cannot go down to a lower price zone, then it is highly likely that it will create a bottom here.

The above two scenarios have not appeared yet, so the probability is 90% that BTC has not bottomed yet, so today we just need to wait for BTC to recover to the 61k area, then we watch to short altcoins that are in the distribution phase like $BNX or in the utad phase like $CFX and absolutely do not buy at this stage, guys! According to the forecast, tonight BTC is likely to return to the 58-59k area to continue testing supply and demand!