Crypto Market Stuck in Range, Waiting for Breakout Catalyst

The cryptocurrency market remains in a consolidation pattern, refusing to break out of its range. The main reason for this stagnation is the unresolved September monetary policy expectations. Yesterday's CPI data met market expectations, causing a brief surge but no sustained capital inflows.

BTC continues to fluctuate within a clear consolidation range on the 4-hour chart. Analysts warn against chasing highs or selling at lows in the middle of the range, advising traders to wait for the price to approach the upper or lower edge of the box before looking for opportunities.

The market is digesting pressure through time, and the longer it remains in consolidation, the stronger the volatility release will be once a breakout occurs. On shorter timeframes, there are signs of bullish acceleration on the 1-hour chart, but this does not necessarily mean a long-term reversal.