Sideways movement has started …
We’ve entered a passive consolidation phase around the $86k area.
Until we see a clear breakout from this range with a daily candle close, I do not recommend opening positions. The current market structure looks ambiguous, so it’s better to wait for confirmation that will define the next directional move.
• A breakout above $88,000 with a daily close would confirm a continuation of the uptrend, with the next key resistance around $90,000.
• A daily close below $84,500 would confirm a continuation of the pullback, potentially toward $82k–$80k.
We’ll base our next actions on which scenario plays out.
