FTX:BTCPERP   Bitcoin Perpetual Futures
Bitcoin typically chops in a small range after a down move like that
Would make sense if it gently walks itself into 1, 2 or 3 resistance line instead of driving hard to it
then price can directionally pivot from there with volume
20 some odd days if price is at top of range
40 some odd days if price is at bottom of range

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.