Most traders get trapped selling during the manipulation phase, but this $BTC price action is actually a textbook institutional setup for higher prices.
The chart breaks down a classic accumulation cycle. Smart money holds price in a range before engineering a rapid drop to trigger stop losses and lure in late short sellers.
Once liquidations are cleared, price expands aggressively upward into new highs. The recent pull back into the discount zone around $63,500 is simply retesting baseline support to set up the next expansion.
Retail trades the immediate impulse, while smart money buys the discount before the real expansion.
#BTC #Bitcoin #CryptoAnalysis
The chart breaks down a classic accumulation cycle. Smart money holds price in a range before engineering a rapid drop to trigger stop losses and lure in late short sellers.
Once liquidations are cleared, price expands aggressively upward into new highs. The recent pull back into the discount zone around $63,500 is simply retesting baseline support to set up the next expansion.
Retail trades the immediate impulse, while smart money buys the discount before the real expansion.
#BTC #Bitcoin #CryptoAnalysis