Bitcoin Treads Water At $90,000 — Market Braces For FOMC To End The Compression Phase

Bitcoin is currently holding steady, trading water around the critical $90,000 level as the market enters a period of high compression. With ETF inflows slowing down, the price lacks the momentum to break through overhead resistance. The highly anticipated FOMC meeting is expected to provide the necessary catalyst to end the current consolidation and dictate Bitcoin’s next major directional move. BTC Compression Intensifies: Scaling Back Intraday Scalps According to a recent update from Lennaert Snyder, Bitcoin continues to tighten within a compression phase. The market has been trading in an increasingly narrow range, signaling that a larger move is approaching. Snyder noted that the scalp long and short setups from his previous analysis played out well. Related Reading: Bitcoin RSI Shows Shocking Similarities To 2012-2015, But What Happened Last Time? He explained that as compression increases, the reward-to-risk ratio naturally declines. While the trades were profitable, they