The markets are designed to fake out in such a way so that when they rise, the least amount of investors will be on board to profit.
Buckle up, buckaroos.
(Hopefully we bounce off the bottom of the white channel and continue upwards though. BTC hasn't acted like this yet after halving... yet everyone is thinking the same way about that. Every time everyone thinks that same way about something investing-related, it doesn't end too well...)