Peter Smith
⬤ Bitcoin has settled into a narrow consolidation phase through the weekend, with price action stalling between $90,500 and $91,000 after recent intraday swings lost momentum. The typical weekend volume drought is keeping BTC range-bound, and most traders don't expect any significant directional commitment until liquidity returns with the new trading week.
⬤ The current structure shows Bitcoin trapped inside a well-defined technical range. Overhead resistance sits at the weekly high near $94,700, while the monthly open around $87,600 provides crucial downside support. This kind of choppy, sideways movement is textbook weekend behavior when participation drops off—price typically coils up until Monday's volume kicks back in.
⬤ There's also a cluster of buy-side liquidity from accumulated short positions that could get swept before any real move happens. If Bitcoin pushes toward that $94,700 weekly high, the key question becomes whether it can break market structure cleanly or just fake out before rolling over. On the flip side, if it can't hold these levels, that $87,600 monthly open becomes the natural magnet for downside action.
⬤ What happens around these major weekly and monthly levels tends to set the tone for short-term volatility across the entire crypto market. A drop toward the monthly open would confirm bearish pressure, while a clean break above $96,500 would flip the script entirely and kill the downside scenario. With BTC sitting between these clear boundaries, next week's return of liquidity will likely decide where the real move happens and how much momentum builds behind it.
Peter Smith
