Bitcoin's recent surge towards $90,000 has been met with a wall of resistance š§
The price is currently stuck in the $90,000 - $90,500 range š, with long upper wicks on the 15m and 1h charts indicating massive profit-taking.
**Key Takeaways**
ā¢ The short-term trend remains bearish, as BTC remains below key EMAs on larger timeframes š
ā¢ Failure to break above $90,500 could lead to a retest of support at $86,000 or lower š“
**Trading Advice**
Avoid impulsive long positions (FOMO) and wait for price action confirmation at lower support levels before entering the market ā°
