The market hasn't been very volatile lately. I reviewed the recent trends, and from a macro perspective, I'm still bullish. Bitcoin's price has touched bottom last month and has been oscillating upward, gradually warming up. Correspondingly, the recent consolidation in my view looks more like accumulation before a breakout.

Zooming out and looking at it from a historical perspective, reduced volume consolidation before important resistance levels often serves to digest trapped positions and wash out uncommitted chips. Once there's an effective breakout, the subsequent price action tends to be quite decisive. $BTC ‌$ETH