According to the Wyckoff method, the price $BTC has reached the target of the Point and Figure chart. Thus, it is now time for the market to pause and build a "Cause" before continuing to move.
On the weekly chart, the current bullish wave is quite similar to that of Q1 2024. There was a 25-week long correction, and the price retraced 50% of the bullish wave. Therefore, it is likely that we will only see a strong price increase in the second half of Q2.
Therefore, Futures traders need to be extremely cautious as prices will fluctuate continuously during this period, often hunting for liquidity at both ends. As for spot holders, they may consider accumulating more if the price drops to around 85 - 90k.
