$BTC has shown a continuous supply overflow, the process of torturing investors continues!

Currently, we are in a short-term downtrend phase of BTC with supply overwhelming demand, causing the price of BTC today to continuously drop from the 97k mark to the 94k mark without any recovery. This behavior is reflected through a downward accumulation pattern at the current stage with gradually decreasing liquidity and no signs of any institutional behavior at this time to halt the price decline of BTC.

Additionally, currently in the market, top coins like ETH and SOL are in an extremely heavy downtrend, and there are no signs of any recovery zones, indicating that institutions have no demand to catch the bottom at this stage for major top coins in the market.

Therefore, from a technical perspective, with the downward accumulation pattern and the lack of consensus from institutions in starting to catch the bottom of the top coins, the likelihood of BTC breaking out of the 92k zone tonight or tomorrow is extremely high. If this breakout process occurs with a spike in volume similar to the early October 2024 phase, we can start to confirm the bottom formation process. Thus, at this current stage, it is advisable for you to prioritize shorting rather than longing on altcoins that are in the distribution phase like AAVE, COW, etc.!