Hello everyone.

Let's get straight to the point and update a bit on the BTC situation.

- Currently, BTC has started to enter a sideways phase. Prices are fluctuating in the 2k price range.

- But please pay attention:

1. Although the price has surged strongly yesterday, it couldn't reach the double top peak (refer back to my post last Sunday to understand more about double tops).

2. The price broke the nearest peak, but compared to the double top and previous peaks, it still created a lower peak.

3. The latest peak is unable to create a higher peak and is even below the upper boundary of the fluctuation zone.

However, there is one thing to note: although the price cannot create a higher peak, all the lows are forming higher lows and are gradually sloping upwards. These signs predict that the price will gradually narrow its fluctuations and react in a short period. You should focus on monitoring the price in this area.

Next, if you look at the chart, you should not open the chart on Binance for monitoring. It is most common to use TradingView. When you look at the two images I sent, you will understand that when you look at the chart on Binance, it may feel like the price is increasing, but if you zoom out further, you will see the context and market structure more clearly. It may not necessarily help you find the entry point, but it will definitely help you avoid entering trades randomly.

Good luck.