**Bitcoin's Price Action**
šø Bitcoin has been on a rollercoaster ride towards the $90,000 mark, but its momentum was halted abruptly.
**Key Resistance Zone**
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The $90,000 - $90,500 range is proving to be a significant hurdle for bulls. Massive profit-taking is evident from the long upper wicks on 15m and 1h charts.
**Bearish Trend Continues**
BTC's position below key EMAs (25, 50) on 4h and Daily timeframes confirms the short-term bearish trend.
**Scenario: Price Reversal?**
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If BTC fails to close above $90,500, it may retest support at $86,000 or even $85,000.
**Trading Tip**
š« Avoid impulsive long positions. Wait for price action confirmation at lower support levels before making a move.
(BTCUSDT)
