BTC Movement Analysis | Are We Approaching the Peak or Just Correcting?

1. Technical Insight (Technical Insight):
By monitoring Bitcoin's movement over the last 72 hours, we notice the price trading at critical levels. If we apply the correction formula to the recent wave that started from 88,000 and rose to 93,000, we find that the golden retracement point at the 0.618 Fibonacci level is approximately at 89,900. Staying above this number means the bullish momentum continues to test levels of 100,000.
2. Whale Activity and Liquidity (Whale Activity):
There is a noticeable increase in whale accumulation (Whale Accumulation) over the past 10 days. Technical indicators like the Ichimoku Cloud and EMA crossovers suggest the market is preparing for a strong upward move (Breakout) if the current resistance is broken.
3. Proposed Trading Strategy:
Entry Point: Increase positions at the 90,000 level in case of a successful rebound.
Targets: First target 95,000, second target 100,000 in the medium term.
Warning: Please be cautious of sudden market fluctuations and monitor trading volume when support levels are broken.
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