Why it's not necessarily time to be bearish right here
If we look at the 4-hr line chart, we can clearly see the previous major dump coming from a consolidation period that formed a very clear descending triangle (that had one fake-out to the downside and one fake-out to the upside before playing out). And if we look at the current consolidation period coming off of that dump, we can see that it's a clear falling channel, which typically break to the upside. This of course doesn't mean that it can't or won't break to the downside, but I'm providing another POV on the context of the price action that shows it's not necessarily a bearish set-up right here and technically it's a bullish setup that's different from the last consolidation period. DYOR and not financial advice.
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