$BTC Low timeframe chopping around and starting to form this falling wedge pattern.

This is on top of high timeframe support with the big $60K area below and the Weekly 200MA.

But the bigger trend is obviously still down so it's best to wait for these structures to actually break out and get confirmation.

Because if this were to lose the current area and start testing $60K again I think that would signal the next leg down in the high timeframe down trend.

So just a matter of waiting here to see what we get. Not a market where you should be pre-positioning hoping for a move because you'll get chopped up.

Alts arguably better/easier to trade the past few weeks as they have been seeing some decent volatility at least.

$BTC
{spot}(BTCUSDT)