$BTC $ETH $BNB The market is frozen in anticipation, but what do the indices say? Despite the fact that the indices of all sectors show an upward momentum on time intervals from 1 to 24 hours (as can be seen in the green rectangle in Figure 1), the short- and medium-term expectations of traders for BTC are starting to cause concern. The current price is slightly higher than the current one, but with each passing hour, traders' expectations are decreasing (see the columns "S ∆ TP 1h, %" and "L ∆ TP 1h, %"). Moreover, the quantitative advantage of takers over makers is gradually disappearing (white rectangle in Figure 1), which signals the growing influence of limit orders. All this points to the consolidation that has engulfed the market.
If we look at Figure 2, we see how after the recent drop, the price has fixed between the key Fibonacci levels (yellow lines). There have been several unsuccessful attempts to break through these local support and resistance levels, but the price remains in this corridor. Technical analysis indicates that after a couple more fluctuations, the equilibrium price will find its point in the area of 58,600 - 59,900 (the area of the white ellipse). And here the news comes into play. If a new wave of negative news does not appear at this point, the market may begin to realize the growth potential with a target of 70,000.
So, the market is in a state of waiting. For traders, this is a moment of observation and analysis: the movement can go both up and down, and it is important to be prepared for any scenario. Watch the news closely and do not miss the moment of entry when the consolidation is over.
