$BTC
Bitcoin is currently trading in a short-term consolidation phase after recent volatility.
Price is hovering near a local support zone, where buyers are attempting to stabilize the market.
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Selling momentum has slowed, indicating reduced bearish pressure on lower timeframes.
Volume remains moderate, suggesting traders are cautious and waiting for confirmation.
The short-term trend is still slightly bearish, as price remains below key moving averages.
A successful hold above support could trigger a minor relief bounce.
Immediate resistance lies near the recent intraday highs.
Failure to break this resistance may keep BTC range-bound.
If support breaks, price could test the next lower demand area.
Market sentiment is neutral to cautious in the short term.
Volatility may increase during upcoming sessions as price compresses.
Overall, Bitcoin is at a decision point, with direction likely to be decided soon.