Sideways trends have proved that technical analysis doesn't always mean anything.
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
It really means nothing. TA always follows FA. Fundamentals is what really matters. As long as they are good, TA will also look good. TA is like fortune telling. It usually ends up wrong but sometimes you guess it right and it makes you a believer which is very wrong.
I am not sure how do I do a FA on crypto though and that's probably the reason why TA is more famous when you analyze crypto because you can't really do a FA on crypto like you do on stocks.