My #BTC POV

Bitcoin right now is not in a clear trend 📈📉 it seems it is still in a decision phase. After the recent volatility and pull back from higher levels,Bitcoin is currently ranging from $67k-$75k,this just shows how momentum indicates that the market is neutral. This is the Time traders stay out!

The one language we can understand from this is that the market is not ready to fully commit yet. What we are seeing is a classic consolidation after a strong move,this technically indicates that liquidity is being built on both sides and price is simply reacting to it.

In the coming weeks, we'll either be expecting Bitcoin to break the consolidation zone and hold above the $75k resistance and then see a continuation towards higher highs then a shift back to bullish momentum or price fails to hold above this range and retraces below the $65k zone.

As a trader,this is not the time to chase moves. This is the time to observe structure,track liquidity and let the market show its hand because right now, BTC is not trending,but there's definitely one thing that is sure tho,we know it is prepping for a huge move!