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Linda Raschke, Founder at LBR Asset Management, notes that after a large standard deviation move, the market tends to consolidate in what she describes as 'bracketing mode.'
This phase is characterized by multiple whipsaws and false breakouts, suggesting heightened choppiness and uncertainty following major price shifts.
Raschke previously noted that the minimum downside target was reached as the slow line closed below zero on weekly charts, according to a recent update. She also highlighted the importance of tracking BTC price action during the Asian session, citing a 5 SMA buy signal that unfolded overnight in an earlier observation. These comments follow her latest remarks on post-move market consolidation.