$BTC is still mirroring the 2019/2020 drop and recovery pattern — same structure, just minus the pandemic flush. We're tracing that pre-halving consolidation arc, building the base without the violent wick down. Structure is holding, cycle timing checks out. If this parallel continues, the next leg up should materialize on schedule once we clear resistance and confirm the range break. Watch for the post-consolidation expansion phase to kick in.