Bitcoin rangebound — likely steady through Wednesday
I think Bitcoin is trading sideways right now and looks likely to stay rangebound through Wednesday.
I'm watching volume and price near key support and resistance for any sign of a breakout or breakdown.
I won't take a new directional trade until I see clearer momentum — I'll wait for a decisive move or increased volume first.
Analysis
Price action shows low volatility and consolidation, with volume contracting — a typical setup where direction remains unclear until a breakout on higher volume occurs.
Recommendation
Watch and wait: avoid initiating new directional trades until a clear breakout or breakdown with confirming volume; use alerts at your technical levels and manage risk on any position.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.