$BTC don't think the apricot blossoms are a sign of spring!
After a 14-day re-accumulation process in the price range of 93.5k - 97.5k, BTC is currently in the price push process (phase E) according to WICKOFF after breaking out of the price range of 97.5k. However, looking back at the reasons for BTC's price increase, we see that BTC has formed an upward accumulation pattern, which is a pattern that has relatively high supply and always bears the risk of bull traps after breaking out of the upward accumulation area. As in the period of December 2024, after the upward movement from the accumulation area, we see that BTC has encountered two major bull traps continuously after breaking out of the accumulation area, and at the same time, after these bull traps, organizations have caused retail investors to become disheartened and continue to leave the market through re-accumulation phases lasting 3 - 5 days before creating the next bull traps.
Therefore, we must pay extremely close attention to the reasons for BTC's upward movement as it comes from the upward accumulation pattern to avoid strong sell-offs similar to the sessions on December 6, 2024, or December 19, 2024. And the current upward process, if we see BTC's price ranges moving sideways in the 99k - 100k area without continuous inflow of funds, the possibility after those sessions will be strong bull traps by organizations. And if sideways price ranges appear as mentioned for a long time without large inflows coming in, we should take profits at those higher price ranges to avoid large market bull traps or set stop-loss points below the sideways price ranges with a narrow margin to avoid FOMO in the current phase, my friends!