$SOL /USDT – PRICE STUCK IN CONSOLIDATION RANGE!
Bitcoin is currently trading around $84,611 and is clearly stuck in a tight consolidation range between the $83,700 support zone and the $86,800 resistance level. Despite several attempts to break higher, bulls are lacking the volume push needed for a decisive move.
Market Outlook:
The market is in indecision mode. With repeated rejections at the upper boundary and consistent support from below, BTC is coiling for a larger move. A confirmed breakout above $86,800 may trigger a new bullish wave, while a breakdown below $83,700 would tilt momentum back in favor of the bears. Traders should remain patient and wait for a breakout confirmation to avoid false signals.
Pro Tip:
This is a classic range-bound setup. Ideal strategy is to stay out until a clean breakout or breakdown confirms the next trend direction. Watch volume closely—it will be the first clue to the breakout’s strength.