OF COURSE it’s rejecting. Bears ans Bulls are in a massive fight now and every good analysis (like yours) is taking a frontrun.
What matters now is “exhaustion” of either bulls or bears: volumes. Currently volumes are low, everybody is looking at the other side. => look at how (volume) wicks are evolving.
Sideways $39-42K is the most probable scenario now until markets decide where to move
Bears ans Bulls are in a massive fight now and every good analysis (like yours) is taking a frontrun.
What matters now is “exhaustion” of either bulls or bears: volumes.
Currently volumes are low, everybody is looking at the other side.
=> look at how (volume) wicks are evolving.
Sideways $39-42K is the most probable scenario now until markets decide where to move