BTCUSD: Ranging Sideways with a $48,500 to $49,000 Ceiling

Hi everyone! For now, we have ranging sideways price action with a ceiling of $48,500 to $49,000 at present; according to the 4-hour time frame. Can this ceiling change later? Sure, but that appears to be the ceiling for now if we were to see a decent move upward over the next 12 to 16 hours. Also keep in mind the Blue LSMA is rather low in the 3-hour time frame. The B-Bands are rather tight and still contracting in the 3-hour time frame. So, if the price action snapped up to the White/Aqua UPPER B-Bands in the 3-hour, it's not saying much due to how contracted (tight) they are presently. If the Blue LSMA hangs out low in the 3-hour while the Red RSI goes above Level 50, we could see ranging sideways price action a while longer.

Happy Trading and Stay Awesome!

David