Back again, Ninjas! 🥷 Coming by to leave you a study point—mainly because I’m seeing some “analyses” saying that, starting tomorrow, “the bulls will take over Bitcoin” due to the possible entry of volatility. And it’s not exactly like that.
Even with increased volume and volatility, we need to remember that Bitcoin is still within a consolidation (adjustment) range.
In technical analysis, a consolidation zone is a band where the market reorganizes its structure. Buyers and sellers compete over price, forming supports, resistances, liquidity zones, and possible accumulation points before the market defines a new direction.
In $BTC, we’re considering 63k to 67k as the consolidation range. As long as price keeps trading within this band, no isolated move should be treated as a trend confirmation in the medium or long term. Bitcoin can move up toward resistance, pull back to support, seek liquidity, accumulate, and show plenty of volatility within this same structure. Volatility does not mean direction.
And there’s another point even more important: we’re still inside a bearish cycle, a bear market. Therefore, technically it’s premature to look only at upward moves in the very short term (pullbacks) and conclude that BTC can’t go back to seeking lower prices—or at least new corrections. As long as the larger bearish structure hasn’t been broken and reversed, the risk of continued corrections remains.
And this take isn’t restricted to Bitcoin. It applies to the main assets that remain strongly conditioned by BTC’s movement and dominance. If the market’s main structure is still bearish, it doesn’t make sense to analyze altcoins as if they were completely disconnected from this cycle.
$BTC
#BTCPerpFundingRateHits20MonthHigh #DollarFallsTo10WeekLow
Even with increased volume and volatility, we need to remember that Bitcoin is still within a consolidation (adjustment) range.
In technical analysis, a consolidation zone is a band where the market reorganizes its structure. Buyers and sellers compete over price, forming supports, resistances, liquidity zones, and possible accumulation points before the market defines a new direction.
In $BTC, we’re considering 63k to 67k as the consolidation range. As long as price keeps trading within this band, no isolated move should be treated as a trend confirmation in the medium or long term. Bitcoin can move up toward resistance, pull back to support, seek liquidity, accumulate, and show plenty of volatility within this same structure. Volatility does not mean direction.
And there’s another point even more important: we’re still inside a bearish cycle, a bear market. Therefore, technically it’s premature to look only at upward moves in the very short term (pullbacks) and conclude that BTC can’t go back to seeking lower prices—or at least new corrections. As long as the larger bearish structure hasn’t been broken and reversed, the risk of continued corrections remains.
And this take isn’t restricted to Bitcoin. It applies to the main assets that remain strongly conditioned by BTC’s movement and dominance. If the market’s main structure is still bearish, it doesn’t make sense to analyze altcoins as if they were completely disconnected from this cycle.
$BTC
#BTCPerpFundingRateHits20MonthHigh #DollarFallsTo10WeekLow