My bias for the sideways range from the $BTC crash to 76K is redistribution, but in recent days, although there has been a lot of bad news, the price hasn't dropped lower anymore. Supply is there, not much, and is being fully absorbed by demand.

This is quite different from other markets, where supply is overwhelming and there is almost no support, with candles falling freely.

It may also add another thought that this whole sideways chunk is a re-accumulation or a large shakeout. Even so, there could still be another shakeout within the shakeout below 76K, which is normal.

Technical analysis is like that, and regarding fundamental analysis, we are still waiting for the cheap money period when the printing machine is turned on 🥲