The consolidation range occurs when the market trades sideways, in a neutral position. This sideways trading is neither bearish nor bullish, hence neutral. Downward or upward trends can only be determined based on the broader market structure.
If the consolidation range develops as a result of a significant decline, it can be said that the market is bearish, and the consolidation is bearish even if a bullish breakout occurs. Once it happens upward, we can say that a reversal has occurred, and if the consolidation range develops as a result of a significant rise, it can easily be said, considering its validity, that the market is bullish, and the consolidation phase is bullish, given the larger market structure, previous price movement, and the chart.
Bitcoin is experiencing consolidation with upward trends, but there is a limit we call resistance, and another limit we call support, which is the trading range. When the market is in a price range, margin traders experience greater losses because the trend remains hidden, and profit-taking tends to emerge when the market is in a clear direction.
Whenever the upper limit is breached, a retracement and support testing occurs. Whenever the lower limit is tested, prices recover and rise again. This process repeats as long as necessary to eliminate all weak hands, as most signals are just noise.