BTC 4-hour ... Channel Trading Run Chart

Here we all are stuck in the range.
I usually call this the "Chop Chop Zone"
Possible for a long position at the bottom.
Channel trading will produce the unknown.
Meaning.. long fast wicking and reversal ..and.. eventually a breakout (up or down). The breakout is subjected to the traders interpretation of the trend or maxing out of the trend. It is either a continuation of the trend or a reversal of the trend.
So channeling can break-out in either direction.
The trending lines I have is an "M" and suggests PA will breakdown and out, towards the Green Lower Oval graphic. However if PA continues more bouncing in the channel, we could see a continuation to the upside and 111k might be in our future soon.
Good Luck !!