We are currently navigating a critical zone in the market cycle. Many traders get chopped up in this specific range because they react to noise rather than following the trend. When we analyze the current price action of $BTC, we can see a clear battle between supply and demand zones.
The institutional interest remains high, but retail sentiment is still mixed with fear. Historically, this consolidation phase is where the "smart money" accumulates positions while impatient hands sell. Do not get distracted by the hourly volatility; zoom out to the daily or weekly timeframe to see the real direction.
If support holds at these levels, the path of least resistance is likely upward. However, risk management is key—never go all in without a confirmation candle.
Check the live chart below to see the current key levels we need to reclaim. 👇