$BTC continues the process of torturing small players!
After the bottom confirmation process at the level of 78.2k on February 28, 2025, the market is currently still in the accumulation phase of institutional buying (Phase B according to the Wyckoff method). The characteristic of this Phase B is that we can only identify the relatively accumulating area within the SC (Selling Climax) and AR (Automatic Rally), which is the price range of 78.2k - 94.6k, but we cannot know the exact upper or lower boundaries. This accumulation zone is relative and completely depends on the behavior of the institutions. If strong supply appears, the lower boundary may surpass the 78.2k mark; conversely, if the supply is weak, the price will continue to accumulate above the 78.2k level.
Currently, we are seeing a supply force emerging with trading volume quite low compared to previous sessions. This indicates a high possibility that the 80k level will become the lower boundary in the accumulation process (Phase B - ST according to Wyckoff), if after this supply and demand check zone, strong demand enters from institutions, similar to the stage of establishing the supply and demand check zone (ST) during the session from 11:00 AM - 3:00 PM on March 4, 2025.
To buy BTC at this time, we need to wait for two important signals:
The first signal: A low volatility price zone with low trading volume appears.
The second signal: After this price zone, strong demand must emerge from institutions, confirming the completion of the first supply and demand check zone. A typical example is the demand entering at 7:00 PM on March 4, 2025.
In the current accumulation phase (Phase B), accurately determining the upper and lower boundaries depends heavily on institutional behavior. In the current accumulation phase (Phase B), accurately determining the upper and lower boundaries...