$BTC how to distinguish between successful LPS (peak test) and unsuccessful LPS (peak test)!
After the process of raising capital in the price range of 83k - 85k for more than a week, at the end of the balanced wedge pattern, BTC successfully raised capital, causing the price of BTC to continuously increase from the 83K area to 87.4k as in the current stage. Many people standing outside during the current balanced wedge phase are wondering whether they have missed an opportunity at this time and whether there are still buying points for BTC in the current stage. Today's article will answer for you when you can distinguish between successful LPS and unsuccessful LPS; you will have your own answer for the buying point of BTC.
1. Successful LPS is the process of raising capital without any sell-off pressure from institutions at high price levels that can approach resistance or above the resistance area. In the period of January 15, 2025, or January 16, 2025, we continuously see 2 successful LPS phases when capital continuously flows in, causing the price of BTC to rise without any sell-off pressure, and after these 2 areas, BTC starts to have an extremely strong price increase and reaches the peak level of 110k.
2. Unsuccessful LPS is when at high or low resistance areas, we see a strong sell-off pressure from institutions at price levels that are depleted of volume, such as in the period of January 7, 2025, or December 17, 2025, where a very strong sell-off pressure appears after the LPS areas, causing the price of BTC to drop sharply to support levels or even lower.
So, at the current stage when BTC approaches the resistance area of 88k - 89k, have you seen any strong sell-off pressure from institutions? You can answer that yourself and prepare for upcoming buying and selling actions!