$BTC the end of winter, spring is back!

Currently, we are at an important milestone at the 92k zone, which is the place where the psychological demand of both institutions and individuals in the market wanting to invest long-term in BTC or looking for a safe price range to buy at this moment will emerge.

And we can see that at the 92k price range, a large volume continuously appears without causing the price to drop below the support level of 92k. What does this indicate??? Could it be that institutions are starting to inject money to support the BTC price at this current stage?

If institutions are really supporting the BTC price at the 92k level right now, then looking back at the periods of 4-11-2023 or 6-9-2024, where large volumes continuously entered the support levels of 68k or 56k similarly to the current stage, the 92k level could be a trap for investors to continue dropping to the 89k-90k range, or it could be the final shakeout at the 92k level before BTC rises to the 99-100k range.

So, to distinguish whether the 92k zone is a continued drop or the final shakeout zone where the price won’t drop further, we only need one thing: the confirmation of institutions after the volume exhaustion levels today. If today we experience a volume exhaustion similar to the volume exhaustion at 7 AM on 5-11-2024, followed by confirmation of large capital inflows with a strong price increase, then the 92k level is confirmed as the final shakeout zone.

On the other hand, if the volume exhaustion occurs similarly to the volume exhaustion at 3 AM on 6-9-2024, followed by the price breaking out of the 92k zone with large volume and sharply decreasing back to the 92k range, then this is a trap for investors!

And when looking....