Hey everyone, here's a quick recap of today's M3 members video update. I went back to a study we did a year ago on the five-day Gaussian channel. It's a lesser-known indicator, and it has given us good clues before. How it usually plays out • Price tops, then falls back into the red zone ("the quicksand"). • A break below the lower band flips the channel red, that level becomes resistance, and drops of 50–60% have followed. • On the recovery, price usually stalls at the midpoint, breaks through, retests, and then runs. Where BTC is now • We didn't get the 50–60% drop this time. 48K is still possible, but it hasn't happened. • Price was rejected at the midpoint and has now pushed up to the upper band. • We're not bullish yet. We need a five-day close above 88K. That's where I'd say the bottom is in and the recovery is underway. • A retest of the channel midline as support would be a healthy sign. • Cycle analysis is looking for a daily/weekly cycle low sometime this week. What this means for us • This is a good time to sit on the sidelines. No FOMO, but be ready, because a breakout above 88K could take a single candle. • Don't chase. Breakouts can turn out to be fakeouts. • I've set an alert at 88K. The indicator's built-in channel alerts aren't working correctly, so I'm using price. • We're not going to flip-flop, but new information means a new decision. It's starting to look like a bottom is forming, but we'll confirm it before we act. I'll keep you posted. For daily updates, a LIVE weekly class, trade alerts and more join M3 for Two Weeks Free https://www.moonstreamfinance.com/M3 Educational content only, not financial advice.