BTC Update:
After 46 days in range, BTC has broken down, turning that range into a distribution area. If today closes under 110k, thatās a red flag.
But hereās the key: a reclaim above 113k with a shift in structure would flip this into a potential setup & confirmation. Until then, catching the knife is risky, it only works 1 out of 10 times.
Right now, we donāt see a sharp sell-off or extreme fear worth buying into. Patience pays. If BTC reclaims, Iāll be more interested in positioning.
Also, itās not just BTC, Total2 and other charts are breaking patterns too.
Stay safe.