$BTC / $USD - Scenario 2 Update Like I said, after that upthrust, we got the reaction. Price sold off into the lower bound of the channel and found support. From there, we pushed back into the mid (dotted line) and are currently seeing rejection. If price can reclaim and hold above the mid, this likely remains a healthy pullback within the trend. If we keep rejecting here and start forming lower highs, that’s where momentum shifts and a deeper move lower becomes more likely. From here, I’m not just looking at structure. I’ll be watching lower timeframes within this range, along with volume, CVD, and any divergences for confirmation of strength or weakness. Also worth keeping in mind that weekend price action can be a bit less reliable due to lower liquidity so Monday will be important. So for now, it’s about how price behaves within this channel and how this consolidation develops.