Bitcoin Remains Range-Bound Despite PCE Data Reaction

Bitcoin continues to trade within a established range as it concludes September, failing to sustain a breakout despite a brief upward move following the release of U.S. August PCE data. The market encountered resistance at a daily Fair Value Gap (FVG) and found support near a Low Volume Node (LVN). Although the lower-than-expected inflation data initially triggered a positive reaction, Bitcoin ultimately retraced, reinforcing a period of consolidation and equilibrium.