BTC is demonstrating textbook-level movement.

After the big short was wiped out, the price surged sharply, then entered a compression phase within the downtrend channel. This is the digestion stage—the market is consolidating chips.

As long as Bitcoin holds this current price range, it indicates several positive signals happening simultaneously: healthy consolidation, quiet accumulation of liquidity, and the next round of expansion is brewing.

The follow-up will either break upward or continue sideways to gather strength. Either way, it’s all preparation for a major move. The current stage is about patiently waiting for buy and sell signals to appear.