Pretty much what bitcoin will do exactly.

Right now is the local low.

We will bounce no higher than 11500. If we do, then we will go sideways for at least 3 days.

After rejecting from the defined local high, price will dip to no lower than 10,800. If we do, Bitcoin will enter longer term downtrend.

After bouncing from 10800 or higher, price will be safe and see continued upward continuation. This is the best case scenario and your optimal long entry.

Comment:

everything is going as planned. Price is still rejecting from the trend pivot.

Comment:

Bullish compressionary pivot crossed. We go sideways and up now.