Bitcoin / TetherUS
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BTC in a reaccumulation phase

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BTC is probably in a reaccumulation phase, which is confirmed by the volume for me. There was more trading at the local bottoms, which is why we assume accumulation. I also marked these accumulations with red ranges.
There are two options, one is the blue faster way, the other is the slower but more likely option (purple).
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If we look at the weekly chart, we can get a more comprehensive picture. The yellow zone formed due to the previous ATH is what we are testing now.

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