$BTC The process of eliminating investors is getting more and more severe!

Currently, BTC is creating a horizontal boundary of 92k - 98k in the final abandonment process without any strong cash flow signals after the supply and demand testing zones similar to the uptrend periods of 11-2024, 9-2024, 1-2024. That proves that the current institutional cash flow is still hesitant to put money in to continue pushing up the price of BTC or the organization wants to continue eliminating investors to prepare for entering a new cycle.

And the horizontal boundary in the current 92k - 98k area is very similar to the horizontal boundary of BTC in the period of July - 2023. And the price characteristic when moving in the boundary zone, when going up to the upper boundary (98k) will return to the lower boundary of 92k.

However, in the period of July 2023, when BTC moves in the same border area as in the current period, the top coins such as XRP, SOL in that period are in the distribution phase, proving that the market is not favorable for the top coins above to push the price. And after the distribution phase of that top coin, BTC has had a break out of the lower border to start distributing.

However, the border process in the current period is different from the period of July 2024 when XRP is in the re-accumulation zone, SOL is in the final phase of abandonment to prepare for a price push cycle and no top coin is in the distribution process but mainly in the re-accumulation process.

So in the coming period, if BTC does not have cash flow coming in and returning to the border area below 92k, the possibility of falling further and breaking out of the 92k area is quite low when the top coins do not show signs of distribution like in the period of July 2023.And the price re-accumulation scenario will be in the 92-98k range in the coming period....