$BTC

don't panic, there is still a chance in the upcoming period!

As we have seen, BTC has been accumulating in the range of 91k - 101k for over the past 6 months and currently still cannot start a new cycle. In the session yesterday in the H4 timeframe, we saw money flow beginning to show chaotic signs at the support level of 104k when two money flow confirmations continuously entered and were immediately denied by unsuccessful effort bars in the subsequent sessions. As a result, BTC confirmed a sell-off candle in today's session. And with this candle, we cannot conclude whether this is a session marking the end of the final supply and demand testing process of the organization (BU according to WYCKOFF) before the test points appeared in today's session and the following days.

If in today's session, the organization starts testing supply and demand with low volume and the price fluctuates around the 100k - 101k area, and then the money flow begins to return with a successful effort session, then a scenario similar to the period of 3-5/11/2024 can occur very likely, as the organization is trying to shake off all retail investors from the game, causing everyone to panic sell. The organization will then go against the general sentiment and begin to destroy all small investors' assumptions. And the uptrend process could start from here. However, in the following sessions, we must continuously evaluate and not be subjective in insisting on the uptrend scenario because the market can reverse at any time, similar to the market reversal period on 18/2/2023.