Sellers mustered enough strength to shove BTC into its accumulation range. Without renewed bull vigor, a correction could unfold.

Analysis of CoFo Scout Signals

Most assets transitioned into consolidation zones. Short-term indicators unwound as strong dip-buyers emerged to stem further downside.

No changes higher up - weak bearish skew persists on global and intraday horizons. Locally, strong longs accumulating and starting to infiltrate swing timeframes.

Despite waning timeframe synchronicity, bears accumulated formidable strength. Too early to say bulls fully neutralized it, but they remain significantly active.

If longs keep propagating up to higher timeframes, bulls will bid to regain control. For now, sellers exerting serious downside pressures.