The longer BTC ranges above 60K, the higher the chance the lower boundaries wont get tested. We are on limited time. We have to factor in the cycles timings and the bottom formations. Usually the market ranges for 2 months after the bottom is formed. Lets say we established our bottom low at 57K, that occurred in July. Meaning that theoretically if the bottom is in, we have 2 months range before the trend shifts pushing it to late September when we start seeing bullish shifts in structure. On the other hand, if we haven’t bottomed yet, we need to form the base low (capitulation low) in the next 1-2 months as we will range for another 1-2 months whilst chopping at the bottom. Which would mean we bottom in November/December. That would mean that we have about a 1-1.5 month interval for BTC to shit itself. If it doesnt shit itself in that timespan, there is a very good chance the levels you desire lower are not going to happen. Its a timing thing. So pick your poison. I rather be a buyer now, be in temporary drawdown (10-15%) if we end up forming our base low 1-1.5 months from now. But in the event the base low is already confirmed & we have already entered the range based capitulation, it means rather than bottoming late Q4, we could bottom sooner just like we topped sooner. So, 1.5 months. If we haven’t reached the 40K–50K region by then, you can pretty much say goodbye to those levels based on seasonality.(Killa)