For Bitcoin (BTC), the largest cryptocurrency in the market, the month of September has seen a lack of definitive strength from both bulls and bears, resulting in a period of sideways chop and rapid bouts of volatility. 

Material Indicators, a prominent crypto analysis firm, sheds light on the prevailing market conditions and highlights the intricacies of short-term price action (PA) against the backdrop of the macro sentiment.

Unpredictable Market Conditions Prevail As BTC Seeks Direction

Despite a bearish macro sentiment, where a broader downtrend is anticipated, short-term price action often deviates from the macro trend. This phenomenon explains the occasional short-term pumps and rallies observed even within a prevailing downtrend. 

Material Indicators emphasizes the …