FX.co ★ #Bitcoin chart analysis

I see that it is still not clear whether the buyers have truly returned, and I notice that I am mostly observing the slope being processed without any strong directional intentions from the market. I note that yesterday I saw trading close lower, and today I am watching price attempt to close above the same level, which tells me that I am still inside a prolonged flat rather than a real trend. I recognize that I am not seeing the consolidation break decisively below the trend line, and I interpret that as a signal that I am still dealing with pressure from the bears rather than confirmation of a bullish reversal. I acknowledge that I am considering the possibility that gold may reach the psychological 5000 area, and I am aware that if I see that level tested, I may expect buyers to slow down and possibly redirect their attention toward Bitcoin, reducing short-term demand in gold. I feel that intraday sentiment is quite bullish, and I admit that I am encouraged by the way the daily pivot at 89,387.45 protected price from a deeper fall. I also remember that I saw the 89,401 level act as support again, and I interpret this as evidence that I am still inside a defended zone rather than a breakdown phase. I notice that I am not seeing aggressive buying, only consolidation near the trend, and I conclude that I must stay flexible and open to both scenarios. I admit that I am leaning slightly toward a decline, because I feel that the current structure looks more like accumulation than expansion. I see the squeeze forming at the bottom, and I understand that I am approaching a moment where volatility could suddenly expand. I apply the fixed volume profile and I observe that I am seeing the highest traded volume around 90,598, and I realize that this area overlaps with the Bayes liquidity imbalance on the weekly chart, which I treat as a critical support and resistance zone favoring buyers. I remind myself that this zone often attracts reactions, and I prepare mentally for either a bounce or a sharp rejection.

I reflect on the previous weekly candle and I remember that I saw it attempt to show growth, but I also recall that it failed after testing the opposite liquidity area near the weekly imbalance around 96,168 plus or minus. I recognize that I am seeing sellers successfully defend their positions at that higher zone, and I interpret this as the first meaningful sign that a new impulse may be preparing to unfold. I tell myself that I should not assume the current area will hold forever, because I understand that repeated tests weaken support and resistance over time. I feel that I am witnessing the market compress energy inside this flat, and I believe that I am very close to a directional resolution. I notice that I am seeing bullish intraday sentiment but weak follow-through, and I conclude that I am in a classic trap zone where both sides are hesitant. I acknowledge that I am cautious about entering long positions too early, because I fear that I could be buying into distribution rather than accumulation. I also admit that I am not yet confident enough to commit fully to shorts, because I still see buyers protecting key levels and preventing a clean breakdown. I remind myself that I must wait for confirmation, either through a strong consolidation above resistance or a decisive break below the trend line. I think that I am better served by observing how price reacts around 90,598 and how it behaves if it approaches the weekly imbalance again. I feel that I am standing at a crossroads where patience matters more than prediction. I conclude that I am preparing myself for a new impulse, and I am ready to react rather than anticipate, because I know that in this kind of compressed environment, the first clean breakout will likely define the next meaningful move.