Bitcoin short-term consolidation has now reached a very important turning point. The framework is simple. The key question is whether the market will once again stage a pattern-driven rally that maximizes investors' optimism, or whether it will first build up those expectations and then move in the opposite direction, catching the market off guard. If the former scenario unfolds, I will first look for new data that would justify changing my current view. However, unless I find clear evidence of such a change, I intend to maintain my existing outlook. For now, the Bitcoin market still appears fragile to me, and I have yet to see any meaningful signals that suggest the underlying market structure has changed. In fact, even if Bitcoin moves higher from here, the rally still doesn't look convincing to me.(mignolet)