Btc is showing a potentiel (A)ccumulation (M)anipulation (D)istribution pattern also known as the "Power of three" which showed up in the beginning of 2024 causing us to hit a new ath.
This pattern is based on a liquidity sweep on both sides, using fake breakouts/downs to liquidate both sides and open up enough liqiditie to fill up large positions.
The last time the distribution phase started after a touching the 100ma on the 1D timeframe. We just hit the 100ma and i expect us to start the distribution in the near future.
Something important during the distribution phase is that the move will be quite violent up or down . Because most novice/ retail traders will be shaken out in the manipulation causing smart money to buy/sell massive positions.
So manage your positions and dont get shaken out.
Analysis is purely speculative.