Bitcoin market trends are becoming increasingly clear: this movement basically has no liquidity. The price just jitters back and forth, unable to go up or down, as if being held in a certain range by some invisible hand. Around $90,000, it’s become a temporary “ceasefire line” for both bulls and bears.

Looking at the data, you can see that within 24 hours, the high was 90,634, and the low was 89,766, with a narrow fluctuation range that makes people sleepy. Trading volume is also modest, with a turnover of 540 million USDT; in the context of Bitcoin, this isn’t a lively scene. This kind of market condition is often called “consolidation,” but frankly, it’s a market deadlock.

However, behind the deadlock, there is often logic at play. I personally think the current prolonged sideways oscillation is actually a form of “decline replaced by sideways movement.” What does that mean? It’s that the market originally faced selling pressure, but it’s unwilling or lacks the momentum to drop directly, so it chooses to buy time and space, digesting selling pressure and testing support through sideways trading. As a result, the decline isn’t deep; at most, there are occasional “spikes” that scare traders, but it quickly pulls back into the original oscillation range.

From a technical perspective, although the MACD indicator is still below the zero line, recent signs of a bullish crossover have appeared, with the histogram turning positive, indicating that bearish momentum may be weakening. However, moving averages like EMA still show a bearish alignment, and the trend has not completely reversed. This contradictory signal is typical of a ranging market—both bulls and bears are testing, and neither side can dominate decisively.

Fundamentally, the outlook is mixed. There is good news, such as institutional buying still ongoing, big banks in Brazil recommending Bitcoin allocations, and continuous inflows into US spot ETFs, which support the market. But macro concerns, like worries about the Bank of Japan possibly raising interest rates, remain a threat, like a sword hanging overhead. So, the market has chosen the most cautious approach: moving sideways.

For ordinary traders like us, this kind of market actually contains hidden opportunities. Since we judge it as “decline replaced by sideways movement,” rather than a sign of an imminent crash, our strategies can be more flexible. Especially for swing traders, placing buy orders near the lower end of the range—around 89,000 or even 88,500, where support has been tested repeatedly—can be a good approach. Set stop-losses and aim for a rebound towards the upper boundary for profit. The longer the sideways range lasts, the bigger the potential breakout when it finally happens—of course, be prepared for a downward break as well.