I just realized that many people have been asking about PO3 in the recent market, so I decided to share my understanding of this.

In summary, PO3 stands for Power Of Three, and it is divided into three main stages called AMD: Accumulation, Manipulation, and Distribution. I will explain each part.

The accumulation phase is when the market forms three resistance levels and three support levels. If the price breaks above the three resistance levels, it will go up; if it breaks below the three support levels, it will go down. This is when major market players start accumulating positions.

Then comes the manipulation phase, lasting about 2-3 months. This is when "smart money" influences the market to confuse small traders, trigger stop losses, and liquidate retail traders. I see many people falling into this trap. Large players create shakeouts to gather liquidity, then open positions at the lowest prices.

Finally, there is the distribution phase — the official bull run. At this point, people start distributing their holdings to take profits. On shorter timeframes, this PO3 phase can also move sideways before deciding on the next direction.

By the way, BTC is currently forming a PO3 on the 1-hour chart with quite clear horizontal levels. The price is now at $67.11K, down 0.09% in the past hour. I am watching to see how this PO3 develops in the coming days. Understanding PO3 will give you a deeper insight into market structure.