On a 4 day uptrend, Today's session might suggest a slow down — Bitcoin is now trading at $29,062 after tracing out a steady $29,000 – $29,200 range today.

United States Initial Jobless Claims is next.

Uncertainty around Bitcoin is reflected by published market data as United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was five. Highly important Crude Oil Inventories data from United States beat analyst expectations of -1.1 million with a reading of -1.28 million. United States ISM Non-Manufacturing PMI (Apr) came out at 51.9, while a consensus of analysts was expecting 51.8.

Bitcoin's upper Bollinger Band® is at $30,400, suggesting that a downward move may follow. In contrast, Bitcoin is approaching key support, around $904.06 away from $28,158. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite the market lacking direction, technical chart analysis strongly suggests Bitcoin is positioned for a downward move in the near term.

At the same time, mixed performances are seen elsewhere as FTX Token gained 9.54% and is currently trading at $1.36. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as as things stand, upcoming United States Non Farm Payrolls data is projected to fall short of market expectations with newly published data of 180,000, following on from the preceding figure of 236,000. New data is set to be published tomorrow at 12:30 UTC. Projections for United States Initial Jobless Claims are set for a continuation of decline with 240,000 while previous data was 230,000; data will be released today at 12:30 UTC. United States Unemployment Rate projected to come out at 3.6 — worse than previous data of 3.5; data will be released tomorrow at 12:30 UTC.

This year has been a bright one for Bitcoin after trading as low as $15,759 and going on to appreciate by 68.49% year to date.