Chart: BTC 4H with EMA20 (daily) and EMA200 (4H) both sitting at $78,200 as a single resistance cluster. Mark $76,100 as range floor.
The entire week has compressed into a 2.7% range. Daily EMA20 and 4H EMA200 are sitting on top of each other at $78.2k - that is rare and usually does not last.
Breakouts from compressed ranges where multiple EMAs cluster tend to move fast in the direction of the break. I am not picking a side - I am watching which side prints volume first into the US session.
Which side breaks $BTC?