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Friends watching the market, here’s something interesting.
The 1-hour chart has been quite intriguing these past couple of days — Bollinger Bands have narrowed to the extreme. The upper band is at 95779, the lower band at 94234, and the middle band at 95298, with the price hovering right around the middle band. Such extreme compression usually indicates only two possibilities: either a quiet before a big move, or the market maker is brewing some major action. The MACD indicator is also starting to show some signs; although a bullish crossover hasn't occurred yet, the underlying momentum is already surging.
Even more interesting is the on-chain data. These days, it’s been eerily quiet. Large wallets aren’t making significant moves, and inflows and outflows on exchanges are quite stable, which suggests that real capital is also waiting. Waiting for what? For that trigger point to arrive. The news sentiment is currently in a vacuum, but honestly, markets are often most dangerous when news is scarce — because the market will find its own direction.
From a technical perspective, this extreme compression at the end of a triangle pattern, once a direction is broken, usually results in a substantial move. Historically, such clear compression patterns have led to explosive breakouts. The current resonance signals and cyclical patterns are pointing in one direction, with the bulls’ strength quietly accumulating.
In the short term, the key is the direction of this breakout. The market is gathering energy; the longer the consolidation, the more intense the impending explosion. Keep a close eye on this level — a big move could be just around the corner.