The way Circle has been consolidating sideways within a price range for over a month is either a major downtrend continuation or a bottoming range. Personally, I lean toward the latter. Post-rebound analysis: 1. Since the drop from 140, the POC is at 63, VAL at 58, and VAH at 88; 2. The overlapping zone of structure and Fibonacci is 77-90, corresponding to the 0.236-0.382 Fibonacci retracement of this drop; 3. At the same time, around 90 is also the neckline of the double-top pattern; All the above evidence suggests that this zone will be a significant resistance area, with a range of about 20%; So, once the rebound begins, this zone will be the first major test.