Current conditions reflect compression, not resolution.
Price is active.
Conviction is not.
In environments like this, the focus shifts from direction to behavior.
Watching closely:
• How liquidity is taken
• Whether rallies attract sustained participation
• If pullbacks show absorption or fragility
• The relationship between volatility and volume
Breakouts without commitment fade.
Breakdowns without follow-through reverse.
This phase is less about prediction
and more about reading intent.
Patience is not inactivity.
It is selective positioning.
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