$BTC is checking supply and demand extremely carefully in the final testing phase, creating extremely high doubts from investors before entering the price push phase in the next few days!

In previous cycles, the BU supply and demand test phase was extremely fast, lasting only 1-2 days, after which BTC would enter the price push cycle. However, at the present time, BTC is going against what the previous cycle did, which is that BTC is testing supply and demand for 5 consecutive days, twice as long as previous cycles, causing current investors to be extremely skeptical about whether BTC is a Bull trap phase like previous phases or not. Let's analyze together:

Today at the present time, we can see that at the 64k area, BTC has failed the test (there is no demand coming in), so today BTC is likely to return to the 62k area to re-accumulate and collect goods. If at this 62k area we see continuous volume entering causing the price to continuously increase (similar to the period of November 29, 2023 or October 17, 2023) breaking the 65k mark, BTC will officially enter an extremely strong Uptrend with a process of creating accumulation causes that lasts twice as long as previous cycles. If the amount of demand entering shows signs of not increasing but the price still increases, we will have to witness another decrease to the 62k area and return. In the worse case, after BTC returns to the 62k area, there will be a large sell-off tree causing this BU phase to turn into a bull trap area (UTAD), then we will have to return to the period of August 2024 for BTC to continue collecting goods! Let's wait for the BTC scenario at the 62k area and look at the positive scenarios if BTC enters the uptrend below the image!