Market Update

Bitcoin continues to trade within a tight range, showing little volatility at the weekly open/close. At the moment, it's hovering around $93.8k, offering minimal clues for its next direction. This lack of movement is understandable given the holiday season, but traders should still keep an eye on a couple of key levels:

1. $96k – A test of this level, which aligns with the current hourly EMA200, could suggest a potential push higher.

2. $92.5k – A retest of last week's low could provide support and indicate a possible bounce.

With the market in a consolidation phase, the price action around these levels will be crucial in determining Bitcoin's next move.