Be careful with firewood in the summer at the end of April!
Currently, BTC is very successful in raising funds from the range of 74k to the range of 93k at this stage with continuous successful LPS phases from the price ranges of 79k, 84k, and 87k. However, in last night's session, we saw a rather dangerous signal when BTC showed the first distribution point in the upward process, causing the price of BTC to immediately turn back to the price range of 91.9k when approaching the 94.9k range with a fairly large volume. According to the WICKOFF technical method, this is the first Buying Climax point in the upward process and is the starting point for a distribution or re-accumulation process to continue upward for BTC.
If in the near future BTC experiences a strong sell-off with large volume, it will confirm that last night's sell-off point was the Buying Climax point and the distribution process will begin similarly to the phase that occurred at the Buying Climax point on January 19, 2025, at 3 PM, after which BTC experienced a strong sell-off with an enormous volume, and the distribution process began, although BTC may pull up above the Buying Climax range afterward, the dominant trend remains downtrend. And if today we see a sell-off session, those holding should not rush to sell BTC but can wait for BTC to rebound before exiting and leaving the game, and may also switch to a SHORT (Sell) position as the main strategy in the near future.
If after the BC range in last night's session, BTC can re-accumulate at the price range of 93.4k for a long time to absorb the amount of available supply, then we can hope that BTC will continue to rise in the near future!
Currently, those holding should continue to hold...