$BTC Update

Everyone is now paying attention to the price.
But the real variable within this range is not the price, but time.
The first consolidation in this downtrend lasted 55 days, covering about 21%.
The current range has already lasted approximately 22 days, roughly the same size, about 20%. Still developing.
Range size tells you the amount of movement needed to transfer supply between participants.
Range duration tells you how long this transfer actually takes. $BTC
When a range lasts longer, it indicates a real struggle. Strong demand meets strong supply. It takes time for one side to fully overpower the other.
When a range resolves quickly, it usually means one side has gained dominance. The other is just liquidity.
The first range lasted 55 days. Buyers were very active. Sellers needed nearly two months to absorb that demand before the price started to fall.
The current range has only been 22 days, but its size is similar.
If it drops quickly, it indicates that demand at every level is weakening. Sellers need less time to push the price down. Less effort, the same result.
If it takes longer or breaks out strongly upward, it tells you that demand here is stronger. That area then becomes meaningful support in future pullbacks. $BTC #Gate广场发帖领五万美金红包