Again, what we’re seeing right now is mostly just chop.
Liquidity is thin, order books are illiquid, and with the holidays in full swing there’s no real reason to expect fireworks from #Bitcoin here. These conditions usually create noise, not direction.
That said, the $86.5K area is doing its job. It’s being tested and, so far, it’s holding. At the same time, gold is sweeping lower without any real acceleration, which removes some of the macro pressure you’d normally worry about.
For me, it’s still very simple. As long as $BTC holds this zone, the structure stays intact. A clean break and hold above $88K would change the entire short-term picture and likely mark the start of better conditions across the market.
Until then, patience. This looks less like distribution and more like time being spent. And usually, when markets bore people the most, the next move isn’t that far away.
