BTC Has been consolidating below its previous local range and has failed to retake it. A move back above 112K and holding there would be good in the short term. I do however want to note the fact that the current monthly low at ~107K is pretty weak and that 87% of months set that low/high later than what we have seen here and have seen a larger wick. Both the time & distance statistics of the past 4 years of data match that idea. So if we'd see a sweep of those monthly lows, that would be a setup I'm interested in. I do favor that scenario especially now price has rejected 112K again. I also think many traders that have been trying to long the dip the past few weeks, will capitulate around that area, where they expect 100K to break and for the top to be in (again). For now, still waiting patiently as the first week of the month price action is chopping most traders up. That has been a good decision so far.(Daan Crypto Trades)