We call it Dullness Market
There is No good trades and no good positioning on Dullness Markets, only scalping a few points.
But the analysis is:
1- The market reached its Selling Clímax
2- The phases A and B off an acumulation Had been conclued
3- NO sign of strength yet
At the moment we see no buyers and no sellers, each time the new high became smaller then the last one, but there is no new lows.
Supply and demand are in Balance
The answer for your question is in some other questions:
1- Does the market has anymore bullets on the sell weapon?
I read about some short sellers had been stopped in a high loss, so I believe the sellers are afraid for now.
Those who bought intend to hold it longer? (Do they have strong hands?)
The intention of the buyers is to sell after some event? Or they really want to have bitcoin for good reasons?
If we have attracted too much speculators only because the ETF history, then I see weak hands.
Falling down 6000 we may have a spring
Going above 7000 look for streng signs to confirm high trend
Sorry my bad English