Please note, this is not a daily chart, 1 bar = 4 days.
Scenario 1. A-A trading range, the previous high (69k) can be seen as an Upthrust and a Signal of Strength. At the moment, we have reached a significant level of POC and there is a possibility (according to the theory of cyclicity) that after the 25th there will be a rebound upwards. Also, the further development of the pattern, can bring us a Spring signal, I mean, dropping below the 30,000 and a quick return to the top.
Scenario 2. Trading range 2-2, there is a possibility that the current movement is a Shakeout with the goal to reach the 20k zone.
Perhaps in this way "they" want to throw all the hamsters off the train, buy BTC at a "cheap" price, and only then go upstairs.
Scenario 1. A-A trading range, the previous high (69k) can be seen as an Upthrust and a Signal of Strength. At the moment, we have reached a significant level of POC and there is a possibility (according to the theory of cyclicity) that after the 25th there will be a rebound upwards. Also, the further development of the pattern, can bring us a Spring signal, I mean, dropping below the 30,000 and a quick return to the top.
Scenario 2. Trading range 2-2, there is a possibility that the current movement is a Shakeout with the goal to reach the 20k zone.
Perhaps in this way "they" want to throw all the hamsters off the train, buy BTC at a "cheap" price, and only then go upstairs.