#BuyTheDipOrWaitNow? #JaneStreet10AMSellOff

My view on the recent disappearance of repeated selling pressure at 10 a.m. in Bitcoin is that this may indicate a significant change in market structure and the behavior of large participants. For weeks, many traders have observed a consistent pattern where Bitcoin experiences sharp declines around the same time each day, especially during the morning trading session. Such patterns often indicate systematic selling, likely carried out by large institutions, market makers, or algorithmic trading programs. Structured selling like this is not random; it is a deliberate method to gradually distribute positions without causing a sudden and uncontrollable crash. While effective for sellers, this behavior creates temporary resistance zones and prevents strong upward momentum, even when broader demand remains. For retail traders and small investors, seeing these repeated declines at predictable times can psychologically influence the market, making people hesitant to buy and reinforcing downward pressure.
What makes the current situation significant is that this previously consistent selling pattern has recently weakened or disappeared. While it’s unlikely to attribute this change to a single cause definitively, there are several potential explanations. One possibility is that large sellers have completed most of their planned distribution, so the remaining supply to be sold at this predictable time has become smaller. Another possibility is that ongoing regulatory oversight, legal developments, or compliance requirements have caused large participants to adjust their trading strategies, making their actions less predictable or aggressive. Regardless of the exact cause, the loss of this repeated pressure is noteworthy. It suggests that the market may be entering a more balanced state, where price movements are increasingly driven by natural supply and demand rather than structured or artificial selling. This shift could lay the foundation for stabilization and gradual upward continuation.
From a structural and technical perspective, the market now appears to be in a consolidation or accumulation phase rather than a distribution phase. Accumulation is characterized by sideways price movement, reduced volatility due to systematic selling, and the gradual absorption of available supply by stronger hands. This phase is crucial for building a foundation for future bullish trends. The longer Bitcoin can maintain support levels without repeated sharp declines, the more it indicates that active buyers are holding these prices and that sellers are no longer dominating the market. Stability itself becomes a sign of strength, showing that market participants are regaining confidence and natural buying interest is sufficient to counter remaining selling pressure.
Resistance levels are also an important factor to monitor in this environment. For Bitcoin to continue rising, prices must break through previous high resistance zones, often around psychological and technical levels such as $68,500–$70,000. Historically, these zones are where previous buyers who incurred losses might try to exit, creating additional friction for upward price movement. Breaking through this level requires not only demand but also volume confirmation. Without sufficient volume, prices may test this resistance zone but fail to hold above it, leading to short-term corrections. Conversely, if Bitcoin successfully breaks resistance with strong buying momentum and volume support, it will indicate that buyers have regained control and the market may enter the next bullish phase.
In terms of strategy, EagleEye personally prefers gradual accumulation during the consolidation phase rather than waiting for a full breakout or entering all at once. Gradual entry allows participation if the market unexpectedly starts moving upward while reducing the risk of buying too early or at high prices. Monitoring volume patterns is also very important; a strong breakout confirmed by significant trading volume will demonstrate renewed buyer confidence and the likelihood of an ongoing upward trend. Waiting for confirmation alone reduces risk but can also cause missed opportunities if prices rise quickly after the market stabilizes. Therefore, a balanced approach between gradual accumulation and monitoring key technical signals seems most effective.
Finally, from a broader perspective, the disappearance of 10 a.m. selling pressure suggests that market manipulation or structured selling may have weakened, creating a more conducive environment for natural price discovery. The market appears to be gradually transitioning from a phase dominated by systematic sellers to a phase where supply and demand dynamics can reassert themselves. If buyers continue to hold key support levels and volume increases during upward movements, there is an increasing likelihood that Bitcoin can regain momentum and challenge previous highs. While short-term volatility remains possible, overall structural signals indicate an improvement in market balance, which historically precedes a meaningful upward trend.