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The weak buying force is gradually appearing in the accumulation phase, requiring more caution from buyers during this period!
In yesterday's session, after BTC dropped to the organization's cost zone at 91k, following a supply-demand check, the organization began to pump money back into BTC, causing the price to return to the 96.6k area last night. However, the current buying force from the organization remains cautious and not as aggressive as in the previous price push phase, as reflected in the chart with gradually decreasing volume. However, this is not a signal of retail investors being liquidated; the organization needs to check supply and demand more carefully in the next price push phase in the upcoming time.
Currently, the supply-demand check is similar to the phases of August-November 2024 or July-October 2024 when BTC began to touch resistance peak zones with gradually decreasing volume in the accumulation range, where the price moves from the upper range back to the lower range (support) to continue checking supply and demand, eliminating investors who are not committed to holding BTC for the long term. The elimination patterns can be fast or slow depending on the market's supply-demand force; for instance, in the August-November 2024 phase, it accumulated within 3 days before starting the price push, while in the July-October 2024 phase, it accumulated for 7 days before beginning the price push. And we cannot accurately predict how many days BTC will accumulate; however, this process must occur if BTC truly has a price push in the near future.
Therefore, our strategy will wait for BTC to react at the price zones with narrow fluctuations accompanied by low volume to see how the organization checks supply and demand....
In yesterday's session, after BTC dropped to the organization's cost zone at 91k, following a supply-demand check, the organization began to pump money back into BTC, causing the price to return to the 96.6k area last night. However, the current buying force from the organization remains cautious and not as aggressive as in the previous price push phase, as reflected in the chart with gradually decreasing volume. However, this is not a signal of retail investors being liquidated; the organization needs to check supply and demand more carefully in the next price push phase in the upcoming time.
Currently, the supply-demand check is similar to the phases of August-November 2024 or July-October 2024 when BTC began to touch resistance peak zones with gradually decreasing volume in the accumulation range, where the price moves from the upper range back to the lower range (support) to continue checking supply and demand, eliminating investors who are not committed to holding BTC for the long term. The elimination patterns can be fast or slow depending on the market's supply-demand force; for instance, in the August-November 2024 phase, it accumulated within 3 days before starting the price push, while in the July-October 2024 phase, it accumulated for 7 days before beginning the price push. And we cannot accurately predict how many days BTC will accumulate; however, this process must occur if BTC truly has a price push in the near future.
Therefore, our strategy will wait for BTC to react at the price zones with narrow fluctuations accompanied by low volume to see how the organization checks supply and demand....
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BTC
85,138.21
-4.30%
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