$BTC /USD MARKET STRUCTURE ANALYSIS 📊 Bitcoin continues to respect the 90,000 support zone, which remains the backbone of the current bullish trend. Price has broken out of consolidation and is now maintaining strength above key structure levels.
As long as $BTC retests 90,000 and holds without a decisive breakdown, the bullish bias remains valid. This level acts as a critical demand zone, supporting further upside expansion.
📈 Bullish Scenario: °Strong structural support at 90K °Higher lows confirmed °Momentum favors continuation °Sustained strength increases the probability of a move toward the 126K all-time high
⚠️ Risk Note: A confirmed break and close below 90K would invalidate this bullish outlook.
🧐 BTC/USD: Testing Critical Resistance on the 4H Chart Bitcoin is currently grappling with a major resistance zone, marked by the descending trendline (the upper gray line).
Current Price: Approximately $$$89,672.
Key Resistance Test: Price is right at the intersection of the descending resistance trendline and the psychological $$$90,000 level.
Crucial Support: Immediate support is near the $$$87,000 horizontal line, and the 9-period Moving Average (MA) is currently at $$$88,554, providing dynamic support just below the current price.
📈 What to Watch: Breakout Confirmation: A decisive break and close above the trendline and $$$90,000 would be a very bullish signal, potentially opening the door for a move toward $$$93,000 and $$$95,000.
Rejection Risk: If the resistance holds, we could see a rejection back toward the $$$87,000 support level.
What are your thoughts? Bullish breakout or bearish rejection? 👇