$BTC The game has just begun!
We have now seen BTC at 102k with not too much volume and breaking out of the psychological resistance zone of 99k - 100k. And it is in an extremely important cash flow mobilization phase (SOS phase according to WICKOFF) at 102k. There will be 2 scenarios here:
Scenario 1: With this signal, smart money organizations will agree and continue to put money in to push up the price of BTC and the volume at the 102k price mark is continuously maintained with large volume and the price does not break out of the 101k zone.
Case 2: Smart money organizations have not agreed to push up the price of BTC and do not agree to put money in at the 102k price zone, causing the volume to gradually decrease at this price level and there may be a re-accumulation phase in the 100k - 102k zone or worse, a very strong bull trap phase.
And when looking at the top coins on the market when BTC was in the 98k zone (January 3-5, 2024), the SOL and ETH drivers foresaw a positive scenario for the market, so they pushed the prices of SOL, ETH, and DOGE beyond the accumulation zones. And at the present stage, when we look at the footprints of the SOL, ETH, and DOGE drivers, there has not been any sell-off force, however, the demand for SOL, ETH, and DOGE is not really interested in pushing the price further, so it needs time to re-accumulate before going up. At the same time, top coins like BNB and XRP are still re-accumulating in the sideways zone. Because the teams driving the top coins (ETH, SOL, DOGE, BNB) in the market always sniff out the good and bad scenarios of BTC, BTC will re-accumulate in the 100k-102k range, which is extremely high. Therefore, at the present stage, we do not need to rush but wait for BTC's adjustment zones to buy gradually!