The most important cost basis zone is at $102,500.

Until Bitcoin recovers that level and establishes itself above, any excuse will be good to see:

- Rapid declines
- Sharp recoveries
- Strong resistance hits

This volatility and ease of retracement won't be resolved until we surpass $102k.

In the meantime, we are building a bottom. Slow, heavy, with sideways ranges and tough resistances to break through.

I believe we'll see a very interesting Q1 2026.