Don't miss this Bitcoin play that seems like a Netflix thriller! 🤯 $103,500 is the price of truth! It's the zone where the steel is defined and where fear intersects with ambition. The current price is there, dancing around the average cost of those who just bought Bitcoin, those short-term holders. This means that if the price drops a little, people are going to panic! 😱

🐳 The Whale Game: Accumulation vs. Selling

This is where it gets interesting, my people. We're seeing a mixed impact that blows your mind:

Medium Whales (100 to 1,000 BTC): These pros are going all in! Since October, they have added an impressive 122,330 BTC to their wallets. 🚀 This is super bullish because their accumulation is helping to create a solid floor or support level to prevent the price from collapsing. They are betting on the future! 💪

Deposits on Exchanges: But watch out, because things aren't all rosy. We saw an increase in the amount of Bitcoin that people are sending to exchanges, up to 12,000 BTC per week. 📉 And why are you sending your Bitcoins to the exchange? To sell them, buddy! This suggests that profit-taking is happening near the resistance of $113,000. It seems some are selling the house when the price rises a little. 💰

📉 Chart Analysis: The "Controlled Drop" Pattern

Take a close look at the 4-hour Bitcoin chart. What we're seeing there is a super clear bearish pattern, a sort of descending wedge or perhaps a well-defined bearish channel.

The price has been making a zig-zag downward movement (lower highs and lower lows), which the chart marks with waves (1), (2), (3), and (4).

Right now, it seems to be heading to complete wave (5), which would take it to touch the lower part of the channel, near $96,000 - $97,000.

NOTE: This type of pattern (the descending wedge), although it moves downward, often ends with a breakout upward (the green arrow that