#BTC is still stuck in chop right now. Price keeps bouncing, but it can’t get back above the moving averages, so every push up is getting sold. On the lower timeframes you can see repeated rejections and lower highs, which usually means the market is distributing, not building strength yet.
Momentum keeps rolling over instead of expanding, so this isn’t the spot to chase moves. Until Bitcoin can break and hold above resistance with real volume, it’s a range market. Good for scalps, not for forcing big positions.
Patience wins here. Let the market show its hand.
BTC
89,018.63
-1.28%