2026-01-17 22:21:09

$BITO showed a classic double inside range candlestick pattern last week, which is a typical volatility compression signal — the market hesitated after a previous directional move.

This pattern actually reflects an interesting situation: both bulls and bears are holding back, neither rushing to make a big move. The market is waiting for a confirmation signal to appear.

When this compression pattern occurs, it often indicates an upcoming directional breakout. The key question is: which direction will the breakout take? It depends on the upcoming volume and price action. Currently, the market is in a tense equilibrium — the bulls are watching, the bears are lurking, and everyone is betting on the next move.

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OnChainSleuth

· 19h ago

This compression pattern looks really interesting, but I don't know whether it will go up or down next... Trading volume is the key.

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potentially_notable

· 19h ago

Volatility compression has been talked about so many times, but the key is really whether you can bet on the breakout direction correctly. To be honest, in this kind of stalemate situation, the most feared thing is being smashed through. What are we waiting for? Just look at the trading volume. If the volume doesn't pick up, don't expect any action. Everyone is waiting for signals, but when the signals come, they all run away—typical old套路. The moment of breaking the level is really the start; anything said before is just talk. I think the bulls are a bit虚, and it feels like the bears are brewing some big move. Double range? I just want to know how next week will go, don’t make it so complicated.

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GweiObserver

· 19h ago

Dual internal range? Basically, retail investors are gambling while institutions are just waiting. To be honest, the more often this pattern appears, the more likely it is that the main force will kick it out with a single move. Let's wait for the trading volume; anyway, I don't believe the market will break through gently. It looks balanced, but in reality, everyone wants to take the other's chips. For this move, I bet Bitcoin will be the first to move.

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ImpermanentTherapist

· 19h ago

Double internal range? Basically, it's just waiting for a breakout, but this kind of thing often deceives people. BITO might need to wait a bit longer; no one should expect a breakthrough before the trading volume picks up. In a tense state, it's easiest to get cut, so everyone should be careful. Actually, this pattern has appeared many times before, and there have been quite a few reverse breakouts, so it doesn't always follow the usual rules. Both bulls and bears are inactive, which indicates that big funds are in hibernation, preparing for a big move. Volatility compression means that upcoming volatility is imminent, but the problem is that the direction is always hard to guess. Doing nothing is the most frustrating; I prefer to see a clear direction.

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StopLossMaster

· 19h ago

After this compression, it might get serious. We'll see who can't hold back first.

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