$BTC After the rain, the sky becomes bright!
Currently, after confirming the short-term bottom at the 76.5k region on March 12, 2025, BTC continues to re-accumulate in the 80k - 87k range and occasionally has a few liquidity sweeps at these two price levels (on March 15, 2025, liquidity sweep at the 87k region, on April 3, 2025, liquidity sweep at the 87k region again). This proves that institutional money is not really eager to push BTC price above the 87k mark, but rather, these are just bull traps to deceive individual investors who fomo in the recent period.
And this deception process has lasted from March 15, 2025, to the current period (over 20 days), and with such a long duration, it is highly likely that institutions will change their trading methods as in the previous phase to enter a new phase. This phase, according to the WICKOFF method, is phase C (the final shakeout before BTC's upward movement). However, phase C will only be confirmed when and only when BTC falls back to the 76 - 78k price range and then continuously experiences inflows pushing the BTC price up to break through the strong support and resistance levels that have been in place for over 20 days. According to the law of effort versus result, we will see that next week BTC will break out of the 87k range and conquer the price levels of 95 - 100k, which is entirely normal.
However, if next week BTC only shows recovery movements to the 87k range with low volume that does not reflect the determination of institutions, the likelihood of a continuation of the bull trap scenario from the recent phase is extremely high, if not to say the upcoming phase will be a period of continued strong price suppression of BTC.
Therefore, with the two scenarios above, how do you predict BTC will perform next week?