BTC has been acting very strangely in the past weeks, good news coming in, better than expected inflation data, even a "breakout" to 65K happened, SPX and NASDAQ approaching from new highs. But BTC still remaining in the price range of 58K-60K increasing the fear index and taking away from those who act with emotions and get carried away by the narratives, the famous "sardines" that is always providing money for the market.

If we take a look to the monthly candle that's going to close tomorrow, we achieved a good percentage of liquidity, went testing a important FIBBO zone, so would be crucial closing this candle above 60K and recover 62K range zone, but if it closes below 58K would be a bad taking a short term perspective, even being able to test 55K/56K zone (and a chance to fil even more our wallets if you see as a opportunity). It's visible that we are in a consolidation period, in this periods we have a lot of false breakouts to catch who are in fear and those who are to greedy, be careful with manipulation in this dark times.

In short term BTC still undecided, we should have a clear signal when all time charts show us a clear uptrend. Taking a look in the daily chart the annual VWAP still acting as a gravitational center, in the weekly chart BTC basically returned the pump that occurred day 21, in the monthly you can see we are in a clear accumulation zone for the past 6 months. But when we take a long term perspective it's clearly that we are maintaining a bullish pattern, we are getting closer to FED announcement about interest rate and by this we should have a clearly indication to what's coming. Please understand that consolidation, corrections, a little bit of fear, it's all part of the market to absorb and accumulate even more capital from the impatient.

If you stick and have a clear trading/investment plan you are going to surf a huge wave, this is probably the biggest wave we have in years. Do your own research, do not be caught by narratives, stick with technical analysis and don't forget that every action has an explanation.

Stay safe.