Right now, the liquidity is really bad. Above $BTC 90k, it’s all large sell orders. If the bulls want to push the price up, they have to clear out all the sell orders at 91k; otherwise, it’ll keep ranging between 91k-85k. This kind of range-bound movement is super friendly for swing traders—short at resistance, long at support, and profit on both ends. This range has been in play for 16 days now, ever since the drop on the 14th. I feel like the moment to pick a direction is coming soon. The long-short ratio in the market is still relatively normal. Based on software stats, there are slightly more shorts than longs. It’s clear that in the current environment, most people are bearish on the market and have chosen to short. They’re betting on the market breaking below 85k quickly and heading to 80k. Personally, I lean toward the bullish side, even if it’s just a small rebound within the range. The market still needs some time to consolidate. My personal estimate is that we’ll see results as early as the 31st! I’m still focusing on low-entry longs.