Data on #Bitcoin
Globally, the VTS has been moving for 110 days in the range of $60,000-70,000, and all this time, longs are "nightmare", and above, there is a lot of liquidity in the form of swing highs and flat highs, therefore, until the high is renewed, there are no "global" downward reversals I am waiting, and when updating the maximum, I am waiting for an exit to a new range higher on the "cascades of liquidations" of shorts. For example, in 2023, we saw a similar sideways movement, more than 200 days, in which altcoins and longs also suffered, but after that, we saw a rise from $25,000 to $73,000.
And during the last bullish cycle in 2021, the cycle ended after the renewal of the maximum within the framework of the "second top", and now the higher liquidity is "accumulating".