$BTC After last week's compression and expansion around the mid 80Ks, we are now in a similar situation.
Price has been consolidating within the $93K-$96K region for the better part of last week.
What likely occurs here is another larger move the moment one of these sides give in.
Just like I mentioned last time, there are generally not moves you want to fade when the breakout occurs. Due to the compression and high amount of positions that built up on both sides, there's often quite a lot of fuel once the breakout actually happens. This makes it less likely for price to actually just deviate and turn back around.
So watch for the breakout of that $93K-$96K area.