This chart shows Bitcoin (BTC/USDT) on the 1-hour timeframe, highlighting two periods of sideways consolidation (marked in blue).
Both zones lasted 64 bars (2d 16h), indicating similar market indecision or accumulation/distribution phases.
The first consolidation (left) was followed by a strong bullish breakout, while the second (right) is currently unresolved.
Price is trading within a tight range between ~117,600 and ~118,400 USDT, suggesting potential for an imminent breakout or breakdown.
Volume during the current consolidation is lower than the previous one, hinting at reduced momentum.
This setup may signal a key move once the price exits this range.
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