Idea comes from the Wyckoff Method. Chart is pretty self explanatory. My thoughts are we will head to the lower end of the trading range, possible make a new low volume low. Should this happen, price will return to the trading range and we then follow up with a JAC (Jump across the creek) to then take out 9.9 and 11.7 resistance.
Anyoung haseyo traders! And Welcome.
This idea is based on a Trendline that will acting as support on our journey to 4k. We have a yearly pivot in and around that area. Also, I drew the old channel BTC had been travelling up, notice it converged to then diverge and create a new channel.
Idea invalidated we break out of my bear fork.