Bitcoin is currently contracting in the accumulation zone. What do the indicators show? Important signals are visible on the 4H BTC chart: 🔸 The price is below all key moving averages (MA20 / MA50 / MA100 / MA200) This means that the market is still in a local downtrend, and buyers cannot regain control. 🔸 Horizontal support level ~$94,000 🔸 Local resistance level ~$97,800–$98,000 This is the zone where the MA20/50 pass and where the price previously turned down. Until BTC returns above this area, the upward movement will be limited. 🔸 Accumulation zone formation Several low-volatility candles show that the market is gathering energy before the move. What to expect in the near future? 📉 Falling scenario: Break 94k → move to 92–90k. This will confirm the continuation of the downtrend. 📈 Rebound scenario: Return of the price above 98k → test of MA100/MA200 and the 100–101k zone A breakout of any of these zones will give the direction of the next strong move (hopefully upwards 😂)
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Security Council Elections: Cohort A Lead I voted for: 1. alisha
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I voted Against Maintenance Upgrade: 16a
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