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This sideways range is currently unsuitable for trading or entry; it's only for observation and monitoring. And I reiterate: let Bitcoin and the market clearly define the direction before taking any position.
Trend Identification:
Break through 93,000 ⇒ We enter a positive phase and wave.
Break through 80,000 ⇒ We target the formation of a bottom for a retracement wave around 75,000/70,000.
Interpretation of the Current Sideways Range:
This area is a preparation by the market maker for the upcoming move and directional determination. This preparation can be either accumulation or distribution, and is often accompanied by manipulations, pumps, and dumps within a defined range.
But beware: when the true trend begins, the movement is very rapid, whether upward or downward, and many will miss the initial opportunities due to the speed.
Motivators and Hints for Movement:
First: Positive catalysts supporting the rise: 1- Bitcoin has undergone a correction of more than 30%. 2- The metals market and stock indices have reached historic highs. This suggests a rotation of profits and liquidity between markets, a behavior that often recurs at peaks, with large-cap assets typically leading the way.
3- The macroeconomy has given positive signals: GDP, CPI, the latest unemployment report, the interest rate cut, and the start of easing with the Federal Reserve injecting $40 billion monthly. Stocks and metals have reacted to these developments, reaching historic highs.
Secondly: Negative catalysts: 1- The possibility of a renewed government shutdown by the January 30th deadline (low to medium probability).
2- The release of unemployment data higher than expected (over 4.5% and heading towards 5% by early 2026), which would be negative and shocking for the markets (medium probability).
3- A sudden war (we've become accustomed to this in 2024/2025), God forbid (medium probability).
4- A sudden rise in inflation (CPI) could disrupt the markets (low probability).
And God knows best.
$CVX
{spot}(CVXUSDT)
$BTC
{spot}(BTCUSDT)
$WLFI
{spot}(WLFIUSDT)