$BTC Don't be misled by the blooming flowers thinking spring has come?
As we analyzed in yesterday's article, Bitcoin (BTC) needs a confirming session with a strong increase in volume along with the price exceeding the all-time high of 76.5k after the supply-demand check session. However, in yesterday's session, BTC managed to break out of the BU zone but did not surpass the all-time high. Therefore, the scenario of BTC making a sprint after the BU zone has not confirmed for BTC to enter phase E immediately.
Since BTC has not confirmed the sprint scenario, plus the supply force at the 76.5k zone has not shown any signs of a spike and is gradually depleting, the scenario of re-accumulation in the 75k-76.5k zone is extremely likely at this stage. Taking advantage of this scenario, we can start to gradually allocate capital with positions ensuring 25-35% as I mentioned in the 75k zone or possibly lower if there are dips at this 75k zone. So, during this phase, everyone should remain calm and not fomo out of fear of missing the opportunity.
As for the worse scenario, I will refrain from mentioning it here because there hasn't been any significant supply released during this phase; only the demand from institutions is still hesitant in pushing the price!
