Let’s take a look at Bitcoin’s price action after each volatile move this cycle… 👀

As we can see over the past cycle, each strong move in either direction tends to be followed by a period of drawn out consolidation. This consolidation typically lasts for at least a few weeks and, in longer cases, up to 6+ months.
After seeing Bitcoin plunge from the mid $80k level to $59k in such a short period of time, I would assume that a period of consolidation will follow in a very similar manner to what we saw throughout the cycle.
This period of consolidation could be a good opportunity to stack low level short positions before the next leg lower. As always, keep a close eye on the charts since price can move in either direction very quickly. But for now, this is my base case 🤝