BTC The calm before the news. Right now, it's just a choppy market, and that's the reason why everyone's been struggling lately. Fakeouts and V-shaped reversals are everywhere. From a structural perspective: The overall trend is still bearish. Looking from the 124 high to now, the market has gone through a pattern of drop → consolidation → drop → consolidation. Currently, the market is in a consolidation phase. You can see that this consolidation is shaping up to be a bearish flag, somewhat similar to the last consolidation structure. With the FOMC meeting approaching, keep an eye out—if the trendline is broken and there's no recovery, another downward test could follow. But from my personal trading perspective: Since we're currently in a choppy upward movement, my short-term trades are still bullish. Unless, of course, it breaks down.