POST ALL-TIME-HIGH. WHATS NOW ?

Recent Price Action & Structure
All-Time High & Drawdown

December's ATH was followed by a drawdown, leaving an inefficiency gap between 77K and 84K.
These zones remain "left behind" but do not indicate a strong selling phase.
Bullish Channel & Breakdown

The bullish channel lasted until December 17th, then broke down with a textbook Head & Shoulders pattern.
The second shoulder was lower than the first, signaling weakening momentum.
Range Formation & Fakeouts

Price ranged between 92K and 99K, with a fakeout on January 7th and an actual breakout on January 15th.
Liquidity was recovered at 86K on January 13th, a clear high-reaction zone.
January ATH & Liquidity Voids
New ATH at 109K (January 20th)

Demand was not strong enough to sustain a breakout beyond 109K.
The 10-day bullish move left behind a "missing liquidity point" (8-day SD cycle).
The breakout was preceded by a fakeout, grabbing liquidity before reversing under the previous low.
Post-ATH Ranging Phase

Upper band: 106K (including spikes)
Lower band: 101K, with multiple supports within the range
The uptrend line from the previous breakout was broken on January 26th, triggering liquidity recovery at 96K.
Bearish Phases & Liquidity Traps
First Major Drop

Support at 102K failed → Confirmed breakout below the range → Strong selling signal
A 4H bearish channel took price to 92K, where a wick and reaction indicated liquidity recovery, not a trend shift
Strong Recovery at Liquidation Point

Bounce at 0.5 retracement, pushing price back to the broken 102K level
Not enough demand to continue the bullish run → led to a new 4-day bearish phase
Mid-Term Market Cycle (16 Days)
First 10 Days: Light Downtrend

February 9th breakout of the downtrend line → Start of a slight bullish phase
Three uptrending moves show buyers' interest, but not enough strength to break the range
February 14th Spike to 98K

The price attempted a breakout but lacked volume → Sign of buyer willingness but insufficient liquidity
Second Half of the Cycle (6 Days)

Cup-shaped structure with a double bottom at 96K
Resistance: High from February 14th’s spike
Old trendline reached again—not a trend reversal but another liquidity grab
Key Levels to Watch
February 3rd Drop Below 92K

Left behind a major inefficiency, likely to be recovered before the next bullish phase
Below this level, another inefficiency at 86K-77K could attract large sellers
Liquidity Insights & Heatmap

Locked liquidity is high, with more long positions than shorts for next month
Bullish target: 89-87K, but only if price dips below 94K first
Potential Scenarios
Bullish Case

A final dip below 94K to fill liquidity gaps
Reversal pattern (Head & Shoulders or W formation) could confirm an imminent uptrend
Once liquidity is collected, market can start reclaiming levels lost since ATH
Bearish Case

If price fails to recover liquidity, a deeper correction toward 86K-77K inefficiency zones is likely
Strong selling signals would emerge if we break below 92K without a quick recovery
Time & Market Cycles
The T-cycle has ended—we now wait to see how the new cycle unfolds

Expect either:

Another 4-day range, or
Breakout of either 94K or 98K
For bullish confirmation, we need a clear, high-volume breakout—not just a liquidity grab (fakeout)

Final Takeaway
Key focus: Watching liquidity recovery, key breakout levels, and cycle shifts
Bullish confirmation: Strong demand push beyond resistance, not just a liquidity trap
Bearish caution: If inefficiencies are not recovered, expect deeper retracement
Next move: Monitor price reactions at 94K and 98K—whichever breaks first will determine the next phase.