Analyst: Bitcoin's 30-day compression indicator rose to 93.9%, with prices continuously testing the annual moving average resistance

CryptoQuant analyst Axel Adler Jr. stated that the Bitcoin 30-day compression indicator has risen to an extreme range of 93.9%, marking the fourth occurrence of a similar situation since the current bear market phase.

Over the past 20 days, the Bitcoin price has continuously tested the annual moving average line but has failed to establish a solid position, indicating that volatility compression is intensifying near key resistance levels, and a directional choice may be faced in the short term.