$BTC ranging between ~$57K–$87K looks “stable” on the surface, but not all consolidation is bullish. This phase feels more like damage digestion, not base building.
Context matters:
BTC is still below key long-term trend markers, and old consolidation zones are acting as reference levels, not real support.
In this framework, upside moves inside the range = liquidity events, not trend confirmation.
Yes, some are accumulating near range lows — but that’s a local bottom trade, not a macro conviction.
The real liquidity sits lower. Sub-$50K remains the zone many are watching for a final bottom.