Bitcoin is consolidating within a tight range right now—a classic setup where price compression typically precedes a significant directional move. The structure remains bullish as long as buying pressure keeps absorbing dips and key support levels hold firm.

This coiling pattern is worth monitoring closely. When consolidation this tight finally breaks, it usually comes with conviction. Traders should watch how BTC respects support zones; if dips continue finding buyers, the bias stays constructive. On the flip side, any breakdown below key support could trigger a cascade lower.

The chart is telling us something's brewing. Whether it resolves higher or lower depends on whether the market maintains its constructive behavior through this compression phase. Keep an eye on volume—big moves often come when consolidation breaks with conviction behind it.