Bitcoin has been forming clear liquidity levels and moving in a structured manner. After a strong recovery from support, BTC is now approaching a key resistance zone, which previously acted as a rejection point.
Technical Breakdown
📍 Support Zone: $87,000 – $88,000
📍 Resistance Zone: $90,000 – $91,000
📍 Current Price: $89,030
🔸 Market Structure:
A series of liquidity sweeps and rejections have defined BTC’s movement.
The price has respected previous resistance zones, making them key areas to watch.
If BTC faces rejection at the next resistance, we could see a short-term retracement.
Potential Trade Setups
🔻 Bearish Case:
Rejection at $90,500 – $91,000 → Short opportunity targeting $88,500 – $87,500.
🚀 Bullish Case:
If BTC breaks & retests $91,000 as support, we could see a push toward $92,500 – $93,000.
Final Thoughts
Bitcoin is at a critical juncture—a decisive move in either direction could set the trend for the next few sessions. Watch for confirmation before entering trades!
📌 Do you think BTC will break resistance or reject? Drop your thoughts below! 👇
Technical Breakdown
📍 Support Zone: $87,000 – $88,000
📍 Resistance Zone: $90,000 – $91,000
📍 Current Price: $89,030
🔸 Market Structure:
A series of liquidity sweeps and rejections have defined BTC’s movement.
The price has respected previous resistance zones, making them key areas to watch.
If BTC faces rejection at the next resistance, we could see a short-term retracement.
Potential Trade Setups
🔻 Bearish Case:
Rejection at $90,500 – $91,000 → Short opportunity targeting $88,500 – $87,500.
🚀 Bullish Case:
If BTC breaks & retests $91,000 as support, we could see a push toward $92,500 – $93,000.
Final Thoughts
Bitcoin is at a critical juncture—a decisive move in either direction could set the trend for the next few sessions. Watch for confirmation before entering trades!
📌 Do you think BTC will break resistance or reject? Drop your thoughts below! 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.