The big sunday report, all you need to know:

🚩 TA/LCA/Psychological Analysis: In last week's Sunday report, we discussed an anticipated sideways movement in the larger timeframe. As observed, Bitcoin is perfectly moving in this sideways region as mentioned. Some people fail to catch the bigger picture, not realizing that a price fluctuation within a 20% range is quite normal for movements in large market caps, and even beneficial, as BTC is gearing up for its next massive leg up, a leg up that will bring us above 80k and reaching 100k in high speed. In trading terms, we refer to this bullish sideways movement as an accumulation region – a phase where profit-taking money, incoming investment, and undecided money converge, resulting in a consolidation in the mid-term timeframe. As I've mentioned before, this sideways movement is bullish, and we're poised for a significant upward move.

What many fail to understand is that Bitcoin just broke through its all-time high (ATH) in the last few weeks and is now slowly building support near the ATH region. People don't realize that this is a process that takes weeks, and I told you we would stay in the region of the Golden Bull for weeks before continuing to rise, entering the super cycle. It's only a matter of time before we see Bitcoin climb above 70k and enter the super cycle after confirmation at 72.5k; people need patience, but most lack precisely this. We need strong support near the current ATH region, and BTC is doing exactly that. Compare it to previous ATH breakouts and observe how BTC behaved; you won't see many changes but a few weeks of sideways movement and building support, and sometimes a 20-30% correction in that region. Regardless, Bitcoin looks very bullish, and we can confidently say that the next leg up is only a matter of time. We have seen selling pressure from Grayscale recently; the weak and paper hands can be found panic-selling according to on-chain data that shows new buyers tend to sell in recent days, while experienced traders and BTC whales have rebought during this correction. The sell pressure is over from the retail side, and the funding rate has already cooled down.

I liked seeing Bitcoin retesting the previous ATH level in the 60k region. Watch the chart closely, and you will notice a very strong resistance at 60k at the beginning of 2021. Then, in October 2021, you can see how Bitcoin managed to break out above the mother of all resistances at 60k and reached the ATH of 69k before entering the bear market. Now, Bitcoin seems grown-up enough to handle this pressure at 60k and easily stays above it without much trouble. You can clearly see how the previous 60k resistance is slowly turning into a strong support, forming our base for the incoming super cycle, which is loading and only a matter of time.

For me, there is no reason to be scared; these corrections are pretty normal in every bull market. Remember, the halving is coming in 25 days, and the mother of all bull markets hasn't even started yet. Patience, we have a lot of green coming, I#n terms of Calendar we have the Final US GDP q/q on Thursday and a Powell speak on Friday.
$BTC #BitcoinBlast #bullruns $BTC