2022–05–23

BTC still consolidates within the downward channel, waiting for one side to take control of a breakout.

Range: $33339.46- $27380, intraday box: $31292.82 — $28643.27

Jumping out of the small box could the price extend to a wide consolidation range.

2022–05–24

BTC corrects in the downward channel, once more diverting from the center of possible consolidation.

Consolidation range center: $29677.19, breaking and holding of which could the long and short rebalance.

Box: $31105.12-$28389.91; break out of the box would generate an impulsive buy or sell.

Waiting for the market to choose the direction….

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Bitcoin Trend Analytics | May 23th-24th, 2022 was originally published in 【Bitmidas】Bitcoin Trend Analytics on Medium, where people are continuing the conversation by highlighting and responding to this story.