If Bitcoin's price rejects a drop this week, the main players may initiate a more aggressive harvesting mode!
Recent BTC price movements hide secrets: if the price refuses to pull back, the market may enter a phase of 'suffocating sideways' — washing out by sticking to the daily middle track (lower track of the 12-hour level) for a long time, followed by a sudden violent surge!
Key deductions
1. During the sideways period, the daily middle track will continue to rise, with the strongest support moving up to the range of 91,000 - 92,000.
2. The main players may create 'false weakness' during the sideways period, inducing shorts before a lightning-fast surge.
3. Once a breakout occurs with increased volume, it will trigger a FOMO buying spree.
Operational warning
If the current price remains sideways for more than 3 days without breaking the middle track, place a breakout order with your eyes closed! Missing this opportunity may mean missing out on the biggest market move of the second half of the year!
(Reminder: After the last occurrence of this pattern, BTC surged 30% in a single week)