Bitcoin maintains cautiously bullish outlook, trading sideways as rate cut uncertainty stifles crypto flows. Downward volatility marked by poor economic data; bullish participants hoping for rate cut to push prices north of $100K. BTC needs to break upper prong of parallel channel to gain momentum as risky asset. Sustained downward trend driven by sketchy market liquidity.
Key Levels: Support at $86,761 | Resistance at $92,338
Investor Takeaway: $100K psychological barrier requires rate cut catalyst; parallel channel breakout necessary for sustained momentum amid liquidity concerns.
