Trend: BTC remains in a broader bullish structure on higher timeframes, while the short-term trend is consolidative. Price action suggests a pause after a strong impulse, typical of a continuation setup rather than a reversal.
Momentum: Momentum indicators (conceptually RSI/MACD) are neutral-to-slightly bullish, indicating cooling without major bearish divergence. This often precedes either a range breakout or another leg higher.
Key Levels:
Support: Previous breakout zone and the 20–50 period moving average area.
Resistance: Recent swing high / range high where sellers previously stepped in.
Scenarios:
Bullish: Holding above support with increasing volume could trigger a breakout continuation.
Bearish: A clean break below support may open a deeper pullback toward the next demand zone.
Bias (short-term): Neutral → Bullish, favoring range breakout confirmation.
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