what we are seeing since 4 dec low is a lot of overlapping and price trying to breach the low of the range multiple times without success, it looks like it's an accumulation phase as we are seeing bullish CVD forming on spot and futures coinalyze.net/snapshot/O4GpdS8l
and since 31 dec we see even more overlapping, typical before a spring or a failed spring in wyckoff accumulation scheme, we have a significant untouched daily level at 44.8k so price could bounce on it making that spring or we could bounce on the bottom of the range without breaching it, in both cases i am looking for a long entry that would take us to a new ATH.
another scenario would be that we accumulate more in this range for some days/weeks before taking off
and since 31 dec we see even more overlapping, typical before a spring or a failed spring in wyckoff accumulation scheme, we have a significant untouched daily level at 44.8k so price could bounce on it making that spring or we could bounce on the bottom of the range without breaching it, in both cases i am looking for a long entry that would take us to a new ATH.
another scenario would be that we accumulate more in this range for some days/weeks before taking off