#BTC has been bottoming out since Nov 21, and it's been over a month now. Volatility has been shrinking over the past week, and on the 4H chart it feels like we're nearing the end of this consolidation phase.
If a new downtrend starts, this could be the starting point for a drop below 80K, maybe down to the 70K range. But honestly, selling pressure seems to be fading—the price has tried to break down several times but always got pulled back up. At this level, I'm leaning towards a bounce upwards, targeting the 94-95K zone.
Keep in mind, this looks like a bounce, not a full reversal. The macro trend is still down.
