BTC is likely to go sideways in a broad range for consolidation for the next few days then go up

BTC-is-likely-to-go-sideways-in-a-broad-range-for-consolidation-for-the-next-few

We need to wait for cooling off the futures market.

Market sentiment seems short-term bearish/sideways. People are shorting BTC in the perpetual futures market. Taker sell volume is significantly higher than buy volume in the futures market.

The estimated leverage ratio keeps renewing all-time high, indicating that there are fewer collaterals in the futures markets while open interest is still very high.