$BTC

General direction (Trend):

Bullish in the daily timeframe, but the price has been moving within a narrow sideways channel between 94,500 – 98,000 for days, awaiting a clear breakout.

2. Support and resistance:

Strong support: 94,000 – 94,500

Critical resistance: 98,200 – 99,000

Sustained breakout above 99,000 = gateway to the breakout of 100K.

3. Technical indicators:

RSI on daily near 65 = moderate strength but no overbought conditions so far.

Positive but converging MACD indicates indecision in the market.

Trading volume is relatively low = the market is on hold.

Fundamental factors:

The market is awaiting results from the FOMC meeting in the coming hours, which is causing clear indecision.

The volatility situation is due to fears of tightening by the Federal Reserve or Powell's future tone.