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$BTC is wearing down everyone's patience. ⏳
Prices have been fluctuating within the current range for nearly two months.
Looking back at historical data, this "dead water period" is often the calm before the storm:
• Historical pattern: The previous three similar range consolidations lasted 64-79 days.
• Subsequent movement: Once broken, the rally is at least 14%.
• Time window: At this pace, a breakout could happen within the next two weeks.
But don’t get too excited too early. Based on the current market structure, bears seem to have the upper hand. If support is broken, the first target below is directly at $53,000.
The consolidation is about to end, and the direction will be decided soon. Are you bullish or bearish?