This is what BTC has been up to all day. Trying to build support that coincide with that resistance price action that lead to that big fall on the Elon craze day of 19th of May with its 28-29k LL. BTC need to climb pass the 47k to 50k resistance area that ushers it to the second phase of the task-( see BTC weekly charts) of reclaiming the upper bullish trend line. It can't climb that wall on a shaky foundation, so to do that,BTC need to lay some sort of solid bricks(consolidations and pull backs: see lower time frames to understand) that can propel it to next the higher price level without breaking below its price structure. And we all know the implications of that...
So BTC dear on behalf of your fans, i say, ' take your time' ... as long as you continue moving way up by printing those HHs and HLs---LOL!
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