🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
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In terms of volume: As the saying goes, "the troops have not moved, yet the supplies must be prepared first." The formation of an early trend requires volume as an essential element, especially the first increase in volume after a period of consolidation; this should be a key focus. At this point, it is not the best entry point. The first increase in volume will undoubtedly lead to a pullback, and when the second increase in volume occurs, that will be our optimal entry opportunity!
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💎 In terms of price: it is important to pay attention to the closing price; the fluctuations during the process are not important. If the closing price can stabilize, it indicates that the main force is about to take action. How to distinguish between a genuine and a false pump? The conclusion from Lao Jiu is that if the closing price can settle above the resistance level, then the probability of a breakout is very high!
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💎Entry Time: It is best that the coin price has experienced a long period of sideways accumulation before the breakout. The longer, the better. The dense chip area should ideally have less than 10% fluctuation. Once the main force completes a large amount of accumulation, it will definitely advance with a devil-like stride, exploding without looking back!
💎Regarding resistance levels: You must identify the previous resistance levels, for example, during the previous decline, if there was support in that range, and if it stayed in that area long enough, then this position becomes a resistance level for the upward movement. Normally, when reaching a key resistance level, the first direct breakthrough can usually be regarded as a false breakout. At this position, it is completely advisable to exit first and wait for a minor pullback before entering again!
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