RawlalGaib

The current structure on Bitcoin looks like a textbook Wyckoff pattern, from which we'll soon find out if this is going to play out exactly like it, based on the current channel that's been forming over the past month in this range, with the idea supported by the volume, while we had a higher exit we had lower volume which adds confluence as a divergence, and one more exit would be healthy for the structure to play out, either we make new lows or we just retest the resistance lines that should be enough for a reversal to spark shortly after, right in time for the end of the August vacation mon

Volatility tends to mean-revert, and the "mean" itself shifts lower over time. For a maturing asset, each successive cycles realized volatility (annualized standard deviation of returns) tends to compress toward the volatility profile of more established asset classes.
This has happened historically with. Gold in its early decades of free floating (1970s-80s vol was much higher than gold vol today). Major forex pairs post-liberalization. Equity indices as market cap and participant diversity grew.
The mechanism is simply more capital, more diverse participants (retail - institutions - derivati

Looking at the altcoin/BTC pair chart, I’d say that the only way to remain bullish for now would be to hold this point of control in volume right here and bounce back up crossing above the low range marked on the chart.
I’m saying this because, if this current level flips then the next time we return to the liquidity point from below which has held until now it probably won’t hold anymore, putting in a bottom at the macro support that was tested on 10/10.
Either way this chart will be interesting to monitor over the coming days/weeks because volatility is screaming that it wants to spark at an

Here’s a visual view of the solar eclipse seen from Barcelona

The importance of Bitcoin current level is shown in the volume itself. Basically if we close below 61,200 we will flip a multi-year support level into resistance, which is what we don’t want to see. However, I don’t think we will since the volume is supporting a accumulation phase in this area that has been developing since earlier in the year. Leading to a quick move back toward the 90K–100K range in a very short period of time as there is thin volume in between that will be liquidated quickly. And once there we can begin a small re-accumulation phase before making a shallow ATH, only to send

TOTAL3 looks interestingly positioned for a trend break, with at least a relief move back up to 720B on the LTF. And if that level breaks out we can officially say that the trend for altcoins has shifted, and most quality altcoins will begin their expansion phase without making new lows with the first macro target back to 1T.

Looking forward to Bitcoin moving higher into CPI. Hopefully we can reach at least the POC area at 67.8K by then, and depend on what type of news comes out the market will reprice expectations around what the Fed will do with interest rates.
A good CPI reading will probably break through the POC, flip it into support, and push Bitcoin even higher afterward following the squiggle drawn.