Bitcoin Fakes Out & Sideways Action Imminent 📉

$BTC is currently trading at $87,306. Despite a brief dip reported by CoinStats – down 0.38% over the last 24 hours – we’ve seen a quick rebound after a false break of $86,718 support.

Hourly charts show buyers attempting to regain control, potentially testing resistance soon. However, don’t get too excited. Longer-term, the market lacks strong momentum. Volume is declining, suggesting a likely continuation of sideways trading between $86,000 and $89,000 for the remainder of the month. 😴

Expect limited volatility as neither bulls nor bears are currently in control. This isn’t a time for aggressive moves, but rather strategic patience.

#Bitcoin #CryptoTrading #MarketAnalysis #BTC 🚀

BTCUSDT

Perp

87,789.9

+0.79%