$IREN is still sitting in the SAME high-timeframe support range it has been consolidating inside for months.

Nothing has changed in the long-term outlook.
I still believe this is a RE-ACCUMULATION PHASE before continuation higher.
However, the line in the sand is $38.5
If $IREN loses that level, the low-to-mid timeframe structure changes.
That would mean the bottom of the HTF support range has failed, and in prior instances, deviations below this range opened the door for a deeper flush toward the next HTF support zone around $32.5–$33.
My long-term outlook remains the same and I remain bullish on the high-timeframes.
But below $38.5, the chart can get ugly fast on the short-term.