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Bitcoin is currently consolidating within the second resistance channel as part of the Wyckoff accumulation phase. The 800 and 200 exponential moving averages are converging and preparing for a potential crossover, which could signal a significant momentum shift in the near term. This technical setup deserves close attention from traders monitoring accumulation zones and key moving average interactions. Chart patterns suggest we're at a critical juncture where breakout confirmation or consolidation will determine the next directional move.