Bitcoin is consolidating within a defined range against the US dollar at the moment. Until we witness a decisive breakout in either direction, it's best to stay on the sidelines. Patience is key here—don't chase uncertain moves.
The price action remains neutral until we see a clear conviction break. Watch those support and resistance levels closely for your next entry signal.
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MEVEye
· 01-11 11:52
Let's wait until it breaks below support; chasing in now just makes you the bag holder.
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CryptoNomics
· 01-11 11:51
nah not buying this "patience" narrative when the correlation matrix says otherwise. run the regression and you'll see consolidation patterns historically precede vol spikes—but sure, let's just... wait
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MiningDisasterSurvivor
· 01-11 11:48
Another consolidation, another confusing situation. I've been through this before, back in 2018 it was the same frustrating experience, and in the end, it directly broke through the floor. Now this rhetoric of "patiently waiting for a breakout" has been heard too many times, but what’s the result? Most of the retail investors are still caught in the middle of the mountain.
But this guy is right, chasing highs is a death sentence. My lesson is to do nothing, stay in cash and watch the show, and wait until a real confirmed signal appears before getting in. Those who say you should buy now are mostly going to learn a hard lesson again.
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SingleForYears
· 01-11 11:45
When will it break through? Right now, this market is as boring as a dead fish.
Bitcoin is consolidating within a defined range against the US dollar at the moment. Until we witness a decisive breakout in either direction, it's best to stay on the sidelines. Patience is key here—don't chase uncertain moves.
The price action remains neutral until we see a clear conviction break. Watch those support and resistance levels closely for your next entry signal.