$BTC extremely alert in the upcoming phase, opportunities are not for newcomers!

After the final drop to the 74.4k area within the re-accumulation zone (80k - 88k), yesterday BTC officially mobilized a failed cash flow at the 79k price level when there was no cash inflow with significant volume to cause a strong price increase similar to the session at 19:00 on 9/9/2024, where we witnessed a massive sell-off by institutions with large volumes causing prices to drop sharply, bringing BTC from the 79k mark down to 76k at the current stage. From this, we can see that the institutions' cash flow is still not enthusiastic in the current phase of pushing BTC prices, so the most positive scenario in the upcoming phase is just a re-accumulation process in the price range of 74k - 79k. The more likely scenario is that BTC will continue to downtrend in the short term and the possibility of breaking the 74k price level is extremely high.

Therefore, at this stage, we need to wait and should not enter positions with BTC because there are no signals indicating a bottom for BTC similar to the bottom signals during the May-August 2024 phase (which was a massive sell-off with enormous volume causing a sharp price decrease). Thus, if our strategy right now is to sell, we should only be selling altcoins and BTC, and not buying in the current phase. Any recovery phase of BTC during this time is likely to be bull traps in the market. So if you are still stuck with positions, take advantage of these bull traps to exit or take short positions on altcoins that are in the first recovery phase (Phase A) or are in the distribution phase - price suppression using the WICKOFF method to seek profits in this risky market!