Bitcoin Treads Water at $90,000 Amid Market Compression

Introduction
Bitcoin is currently holding its ground at the critical $90,000 level, maintaining its position amidst a pronounced compression phase. As ETF inflows slow, the momentum needed to breach the overhead resistance remains elusive. Investors and market watchers alike are now turning to the highly anticipated FOMC meeting, which may serve as the catalyst for Bitcoin's next major directional move.

Current Market Overview
The market is undergoing a period of "high compression," a state where price fluctuations are minimized while key resistance levels remain in place. Key highlights include:

• BTC Consolidation: Bitcoin is trading steadily with reduced intraday scalps, as noted by analyst Lennaert Snyder. With scaling back on quick trades, the compression phase is intensifying.
• ETF Inflows: While ETFs have recently contributed to bullish momentum, the current slowdown is affecting overall sentiment.
• FOMC Impact: The upcoming FOMC meeting is under the microscope, as its outcomes could potentially unlock pent-up market expectations, ending the compression phase.

Practical Takeaways for Investors
Whether you’re looking for crypto tax tips or strategies on how to build a robust crypto portfolio, consider these action points:

• Monitor Macro Developments: Stay updated on FOMC decisions as they play a crucial role in shifting market dynamics and investor sentiment.
• Review Portfolio Diversification: Incorporate risk management practices in your crypto portfolio by reviewing asset allocation, especially in volatile market conditions.
• Stay Informed on Regulatory Changes: Understand potential impacts related to crypto taxation and regulatory scrutiny.
• Plan Scalping Strategies: For short-term traders, evaluate techniques to manage reduced intraday activity during compression phases.

Conclusion
The steady hold of Bitcoin at $90,000 presents a nuanced picture: one where careful market observation and strategic planning are critical. As the FOMC meeting approaches, investors should be prepared to adjust their strategies based on potential shifts in fiscal policy and market sentiment.