As expected per my last update, we continue to consolidate in the VG ~7 region. Wicks in the high 6s are always on the table. For perspective, the prior VG ~7 consolidation was at ~$32,000 just one month ago. Now, we’re at $45,000 - the incredible march of Bitcoin & OBTC continues.
As with the previous consolidation region following price discovery phase 1, no timeframes are implied. All we know is consolidating in the VG ~7 region is bullish — a great time to reaccumulate and HODL. As before, invalidation lies under VG 6 for 5–7 consecutive daily closes.