BTCUSD remains confined within a well-defined range, respecting key horizontal support and resistance levels, signaling a period of consolidation. Price action suggests that momentum is aligning with the prevailing range-bound structure, with the current test of strong support mirroring previous reactions at this level. A decisive bounce from this zone could trigger a rally toward resistance, while a breakdown may accelerate bearish momentum. Volume dynamics and momentum oscillators will be crucial in confirming the next directional move, with smart money likely accumulating positions ahead of a breakout. Traders should remain vigilant for liquidity grabs and fakeouts before committing to a position.
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