Structure is essential when building – especially if you intend to build higher.
The bottom, or foundation needs to be strong. Which is why price needs to accumulate a lot of volume horizontally before moving up.
It also needs to be ‘harmony’ which means the floors needs to be of the same height – common sense. This is how almost all buildings are made.
However, some ‘experts’ would argue that building in 1-2-3-4-5-a-b-c, meaning ALL floors are of different heights is a better choice. Or are they skipping floors when counting?
Since reaching an ATH is 10/2024, price is trying to move up again. But looking at the structure, do you think it can? Let’s apply some common sense here. Anyway, this is a game of probabilities. There is no certainty. But it would be a good SELL just looking at it, as the structure looks weak.
The same applies to BTC.
Good luck.