Key moments for today's $BTC background:
1) 31-32k is a decent supply zone for $BTC. I see a lot of buybacks here. Also, when prices go below this green zone, the buybacks become "impulsive". This means that someone buying $BTC fast for prices that are lower than market ones.
2) We are consolidating in aka "Bull-Flag" pattern. This formation can launch us to a 38-40k area as a result.
3) The main magic pill for a great rally is a "healthy" onchain. For now, we didn't see any good signs from it.
Assuming all of these points, we are not saying that we are going down from here, some manipulation can take place even without strong onchain background. But for a strong rally, positive onchain data is a "must-have" ingredient.
Stay tuned for more updates. t.me/ACprojct
