Berg Chain Weekly Report (77): Suppression from Massive Accumulation Areas BTC has smoothly risen this week compared to April, Finally, there have been some signs of 'momentum depletion': The price began to show a sideways trend in the area planned in my previous script 2, At the same time, with the amplification of volatility, the trend shows a clear upward trend and downward wash. In hindsight, the massive accumulation area of 82-84K that we have been monitoring seems to be forming a suppression .. ： // The attached URPD chart represents the distribution of BTC's chip structure. For the analysis logic and detailed tutorial on BTC chip structure, please refer to the following link: https://((((((x.com))))))/market_beggar/status/1963776996942741931 There haven't been many new signals in the distribution of URPD chip structure this week, Therefore, this week's weekly report will be more inclined towards a 'high-level perspective summary'. BTC first hit nearly 83K last week and has since shown a clear horizontal trend, The performance of prices is significantly different from the smooth increase since early April; I believe that as long as you are a regular viewer of Mr. Berg's weekly report, you will not be surprised by the position of 83K, Because from the URPD chip distribution map, we have long known that there is a huge amount of trapped stocks in 82-84K. However, there are indeed some aspects worth exploring in this week's small-scale lateral oscillation structure, I will publish a technical post on this section tomorrow to share my own bias with everyone. Returning to the chip structure, except for the strong resistance zone of 82-84K, In the past three months of turbulence, we can also clearly see: In the range of 60-80K, there has been an increasingly noticeable accumulation. Massive accumulation areas are usually bonus points formed at the bottom, which can provide effective support, If we can really see the 'last tremble' in the future, There is also a considerable probability that due to the "gravitational effect" of massive accumulation areas, Ultimately, the price will be 'sucked back' to the current area with a large number of turnover. A solid bottom is often accompanied by a huge amount of turnover (accumulation), At least at the bottom of every cycle since the birth of BTC. Although it is difficult to estimate the time, as long as the time spent in this area is long enough, The occurrence of large-scale accumulation will only be a matter of time. That's all for today's content. Have a nice weekend, everyone // This week's article review Signs of US divestment emerge 」： Has Asian capital once again become a major victim? https://((((((x.com))))))/market_beggar/status/2053653283429089554 'Trapped hundreds of thousands of BTC for six months': the last hurdle after STH-RP https://((((((x.com))))))/market_beggar/status/2054017583054209315 Teaching the vernacular concept of "market trading expectations" that even grandmothers can understand https://((((((x.com))))))/market_beggar/status/2054377450893885740 Five major buyer groups heat map update: closely monitor when new buyers turn off the engine https://((((((x.com))))))/market_beggar/status/2054739624992649429 Golden Pit Tracking Series (14): Latest Data from the "Four Major Deep Bear Bottom Hunting Models" https://((((((x.com))))))/market_beggar/status/2055103263448682610 // Register on the Bitget exchange to enjoy the highest commission discount and silky smooth trading of US stocks