First we have to think like the average trader and psychological numbers.
Average person's thinking, buying at:
100 = Oh it will be strong resistance.
110 = Let's see...
130 = Oooo I will buy
150 = Maybe resistance...
170 = Oooo I will buy
So BTC is at 7300 basically.
This is:
5000 = resistance
6000 = wait for retrace
7000 = fuck my life I don't have BTC
7300 = I BUY BTC NOW!!!!
Operators sell BTC to noobs and use all FOMO sold cheap ass alts to buy at a bargain. Alt season hello.