$BTC $BTC perseverance is the key to success!

Currently, BTC is in a critically important area, the 98k - 99k region, which is a psychological resistance level where retail investors begin to take profits significantly at this stage. And currently, BTC is showing extremely blatant accumulation behavior from institutions in this price range as at the 98-99k level, there is no appearance of supply or demand from the institutions, and the price only trades without fluctuations in this area. You can observe this phenomenon in the previous uptrend phase of 5-12-2024 when BTC also only traded around the price level of 42k-43k below a similar psychological resistance level at the current stage. And if this scenario actually happens, then in today's session, if we see any supply pressure, however, the price does not exceed the 96.3k area (the cost price of the institutions), then we will take another step into an uptrend of BTC. According to WICKOFF, this is the final shakeout phase in the process of pushing BTC's price above the 99k-100k mark.

After this phase, we should see BTC continue to fluctuate very narrowly within the 97.3 - 98k range, and the cash flow begins to absorb all the supply (profit-taking) from retail investors with gradually increasing volume, then we can start to gradually buy BTC at the price ranges after the volume is exhausted, similar to the bottoming phase at the 92.3k or 93.6k levels during the period of 31-12-2024 to 1-1-2025.

Since the shakeout is very likely to occur, it is advisable for everyone to stay out for now to wait for a better entry point similar to the sessions on 31-12-2024 or 1-1-2025.

Also to limit risks, as BTC may continue to re-accumulate and return to the 92k price range!