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Today’s flat market seems to be very boring again, with yesterday’s evening session touching the bottom of the fifteen-minute consolidation range. Currently, it continues to fluctuate within the range; to break out of the direction, it probably has to wait until the weekend.
At noon, the bullish volume emerged, but the price did not follow up with an increase, indicating a period of shrinking volume consolidation and market sentiment being subdued. Normally, when such a situation occurs, the consolidation usually takes at least 30-50 hours to complete.
The fifteen-minute consolidation range remains unchanged at 2300-2385, with a smaller range resistance consolidation between 2354-2335. If today’s resistance prevents a breakout, it will face a third test of the support zone at 2300.
The new consolidation range for Bitcoin is 75,550-73,300, with the central zone upgraded to 73,600-74,600. Currently, the market situation is similar to mid-January.
Participating less in the oscillation reduces the risk of missing opportunities when leaving the range.