If you notice that the price of Bitcoin is moving for two or three days within a specific range between $92,000 and $93,000 and $94,000, do not be fooled!

This is not a real rise; it could just be the calm before the storm!

Now, according to technical analysis on the 4-hour timeframe, we observe that the price is indeed moving within this narrow range without any clear breakout to the upside, just like what happened previously when the price reached $95,000, and then suddenly the phase of collective slipping began.

Even with the positive news that came out today, such as Tether and SoftBank announcing a new project in the field of Bitcoin, and the price rising by 6.8% in recent hours, all of this does not necessarily mean that the market is on its way to a strong rise.

On the contrary, this type of "stagnation within a price range" is often a precursor to a sudden drop.