BTC EOY ExpectationsBitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PsabinaGMFollowing my previous analyses, my first long attempt in the marked areas was invalidated as BTC pushed slightly lower. Now the price is in a zone where almost any scenario is possible heading into the end of the year. My main thesis is that, since BTC failed to hold the Yearly Open, there is a strong possibility that the yearly candle could close as a doji/ bullish doji yearly close. This would accurately reflect the indecision and volatility that defined 2025. Under this narrative, a period of chop and range into late December would make sense. On the monthly timeframe the candle has not closed yet and BTC still has a chance to respect the monthly trendline. I took a long position at the January Low because it is a historically important support and resistance level. My stop allows enough room for consolidation in a short term expected bounce and the initial reaction has shown healthy signs of demand. My first upside target is current week Monday’s High. A more ambitious target is the Daily 200 EMA. BTC may fluctuate and consolidate before moving higher, although a strong reclaim in early December could shift the narrative in a more bullish direction. To the downside the key levels remain the Weekly 100 EMA and the January Low. Overall I expect chop within the 90K to 110K range as the most likely environment. There is also a bearish crossover between the Daily 50 EMA and the Daily 200 EMA. The last time this happened was in September 2023, right before a major bullish breakout. It is not a perfect comparison because the structure at that time was already showing clear consolidation, but it is still a useful observation for context.