If $BTC follows a similar bottoming structure to the previous cycle, we may still be stuck inside a prolonged chop zone.
The blue box represents the area where price could continue ranging, frustrating both longs and shorts before the next major move.
The good news: we’re getting closer to the mid-term turning point.
The bad news: patience may still be required, as sideways and volatile conditions could continue before BTC finds a clear direction.
Until we see a decisive breakout or breakdown, expect more market noise and liquidity hunts.
The blue box represents the area where price could continue ranging, frustrating both longs and shorts before the next major move.
The good news: we’re getting closer to the mid-term turning point.
The bad news: patience may still be required, as sideways and volatile conditions could continue before BTC finds a clear direction.
Until we see a decisive breakout or breakdown, expect more market noise and liquidity hunts.