#GateTradFiExperience Bitcoin is currently trading in a consolidation phase after recent volatility, showing signs of compression between key support and resistance levels. Price action suggests the market is waiting for a catalyst, but technical indicators are starting to give early directional clues. On the daily timeframe, BTC remains above its major moving averages, which keeps the broader trend cautiously bullish. However, momentum has slowed, indicating traders should remain patient and disciplined.

The nearest support zone lies around the previous demand area, where buyers have repeatedly stepped in. This zone aligns with the 0.5–0.618 Fibonacci retracement, making it a strong level to watch. A sustained hold above this support increases the probability of a bounce. Below this, a deeper correction could occur, but strong buying interest is expected before a trend reversal happens.

On the upside, resistance is clearly defined near the recent swing high. This level has rejected price multiple times, showing strong sell pressure. A daily candle close above this resistance, especially with rising volume, would confirm a bullish breakout and open the door for continuation toward the next psychological level.

RSI is hovering near the neutral zone, which means BTC is neither overbought nor oversold. This supports the idea of a range-bound move in the short term. Meanwhile, MACD is flattening, hinting that momentum could shift soon. Volume has slightly decreased, often a sign that a larger move is building.

Bullish scenario: If BTC holds above support and breaks resistance with volume, a continuation rally is likely. Pullbacks toward support could offer safer long entries.

Bearish scenario: Failure to hold support may trigger a short-term sell-off toward lower demand zones before buyers re-enter.$BTC