BTC chooses to move within a consolidation range instead of immediately turning to a bearish trend, with the price oscillating along the yellow line before starting to rebound;

Question: Are there still trading opportunities ahead?

Answer: There are no trading opportunities within the consolidation range; it is generally recommended to attempt short-term range trading when the price approaches the upper or lower bounds of the range;

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Question: What is the current trend structure?

Answer: A range consolidation under the backdrop of a bullish trend structure;

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Question: When can we see a new market movement?

Answer: Generally speaking, a consolidation market is waiting for the channel to continue upward, opening up space for growth. Currently, the potential upward space is the orange average resistance level.

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Question: What if the yellow line is broken during the consolidation? Will there be a pullback?

Answer: Once the consolidation market is established, the reference significance of the yellow line is weakened. The price may either pull back to find support at the middle track or oscillate until the middle track rises, so the key focus should be on the horizontal range support level, rather than the channel lines.

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Question: Is there a possibility for another upward wave!?

Answer: In a consolidation market, the price can create false breakouts at existing high and low points. It may test 106000+ upwards before retracing, and the same reasoning applies downwards. Therefore, my expectation for the range is indicated by the red ray in the chart;