BTC Weekend Test: Will $90K Hold or Will the Bull Run Die? 🚨
This is a macro analysis of current market structure, not a direct trade signal.
The market is dangerously thin heading into the weekend, and the $90,000 level for
$BTC is now critical structural support, not just a round number. We saw a strong rejection from higher levels, but momentum indicators have cooled off, suggesting the worst of the panic selling might be over. The key factor favoring bulls right now is the visible drop in selling pressure. If
$BTC can successfully chop sideways above $90K during this low-liquidity period, it signals seller fatigue and sets the stage for a more measured recovery next week as moving averages catch up. A breakdown, however, is amplified by thin order books, potentially triggering stop losses down to the mid-$80,000s. Patience is required; no instant V-bounce expected.
Meanwhile,
$XRP shows signs of structural relevance despite months of weakness. Selling volume is decreasing, and local higher lows are forming within the downtrend, indicating distribution isn't intensifying. It’s consolidating, frustrating both sides, but this compression often precedes a more forceful move. Bulls need to reclaim the 50 and 100 EMAs for confirmation.
$ETH is subtly positioning for a $3,000 retest. Holding the 26 EMA is the crucial pivot point right now; it suggests stabilization over continuation of the sell-off. Selling pressure has subsided, and rebounds aren't immediately sold into. A move to $3,000 is plausible through consolidation and reduced selling, even without massive speculative volume, provided the 26 EMA holds firm.
#CryptoAnalysis #BTCSupport #MarketStructure #ETHRecovery 🧐