🚨 Bitcoin Stuck in a Tight Range – Big Move Coming?

Bitcoin is currently consolidating between $62,200 and $62,800 with decreasing volume. This low volatility range often precedes an explosive move. The market is showing clear signs of indecision, likely waiting for a catalyst — possibly from macroeconomic data or institutional inflows.

📉 Altcoins, especially Layer 1s like SOL, NEAR, and AVAX, are still underperforming. Many are showing signs of exhaustion, while memecoins are slowly fading out of retail attention.

🔎 Key Observations:

BTC dominance continues to rise — now near 53.6%

ETH/BTC pair is falling → bearish sign for altcoins

Funding rates remain neutral → no major leverage imbalances yet

On-chain data shows whales accumulating BTC quietly

⚙️ Trading Plan for the Day:

🟩 Scalpers: Watch for a breakout above $62,800 for a short-term long

🟥 Swing traders: Avoid new altcoin positions until a confirmed trend reversal

🟨 Patience is key — don't overtrade in a choppy market

📌 Heads Up: U.S. unemployment data drops later today — this could inject volatility into both crypto and equities.

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