I've been thinking the same. I could see maybe the low $7,000s in a sideways consolidation.....let the lower time frames recharge. The higher time frames have incredible momentum. It seems like anyone selling based on overbought lower time frames (1-day and lower) is providing liquidity to all the people buying the monthly trend.

ETHBTC and some other alts are showing strength on the 1-day time frame. Money flowing into alts during BTC sideways is pretty classic bull market behavior.