$BTC

The price is constrained between two layers of technical pressure.

The price is currently moving within a narrow range between two opposing levels of pressure. At the top, the red Ichimoku cloud along with several FVG areas forms a strong resistance barrier, where any quick retracement is met with selling pressure. At the bottom, the green cloud and supporting FVG areas provide a bounce ground, but without the ability to push the price away. This situation reflects a market that "hits the ceiling when rising and finds a cushion when falling."

The rapid spikes that appear in this context often aim to gather liquidity. The absence of continuation candles after these spikes indicates that large liquidity is entering the market to take positions, not to initiate a new trend. Therefore, sharp movements that quickly return to balance are a natural behavior.

The quality of the retracements remains weak, as the price repeatedly fails to break through the upper cloud and FVG cluster, with short-lived highs and unconvincing closes. These movements represent a test of selling areas rather than the beginning of a reversal.

In this environment, FVG areas act more as magnets for the price rather than stable support or resistance. The upper FVG is tested and then rejected, while the lower one is touched and then defended. Clarity of direction will only be achieved with a decisive break of one of the pressure layers.#USNonFarmPayrollReport #BinanceBlockchainWeek #WriteToEarnUpgrade