Bitcoin is consolidating around $109,000, bolstered by the rising 50-day exponential moving average (EMA) and overlapping Fibonacci retracement levels, which together form a significant support confluence. Traders are closely watching potential pullback zones at $99,560, $79,214, and $49,292. The 50 EMA provides dynamic support, aligning with the 50% Fibonacci level, indicating a strong technical foundation. Despite the price action above $109,000, there is a sense of indecision in the market. Trading volume confirms participation but lacks the conviction needed for a breakout, suggesting that traders remain cautious as they assess the current market dynamics.