$BTC all in both directions waiting for more!

Currently, BTC is showing a depletion area in volume as analyzed in this morning's post. Tonight, if BTC sees an increase in supply after this accumulation process by showing an increase in volume but a drop in price below the 72k level, BTC will need to start buying back the initial supply like in the period of 03-2-2024. If there is no additional supply tonight, BTC will officially move straight up to the 75k mark tonight and tomorrow morning, similar to the period on 08-2-2024.

As we can see, both scenarios lead to one outcome: BTC will enter an uptrend, differing only in the speed at which it happens if no further supply appears, while the second phase will be faster if no additional supply shows up.

From my personal perspective, considering the trading behavior of institutions over the past three months, they will not easily allow individuals to make quick profits in the current phase but will continue to sell off to shake out retail investors one more time before pushing BTC up and then buying back, causing retail investors to become frustrated. The upward movement will be more sustainable and there is a high chance that the price will break the 80k level; it's just a matter of time.

Everyone, please pay close attention to the market tonight to avoid missing the wave!