15 hour ago
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Bitcoin Stuck in Tight Range, Major Move Anticipated Soon
Bitcoin is currently experiencing a tight consolidation phase, following a sharp rejection from the $100,000 mark. This has resulted in price compression within the $88,000 to $90,000 range, signaling potential for a significant upcoming move.
Current Market Situation
- Bitcoin is in a phase of intense price compression after failing to maintain levels above $100,000.
- The market structure shows lower highs, creating a narrowing price corridor.
- This scenario is described as "post-distribution chop," often preceding a new trend.
The current environment is high-pressure, searching for a new directional catalyst. It may lead to either a bullish breakout or a downside flush that could clear out over-leveraged positions.
Market Analysis
- Daan Crypto Trades notes stability in BTC funding rates and spot premium, indicating stable underlying market health.
- A major volatility expansion is anticipated within the next one to two weeks.
- Traders are advised to wait for a confirmed breakout to avoid risks associated with premature moves.
As Bitcoin remains compressed, investors should prepare for a potential decisive movement soon and exercise caution by not over-leveraging during this uncertain period.