šø The Current Conundrum: $BTC Price Stuck in Limbo
The price action has become stagnant, trapped between two key levels.
Above, the 90,000ā91,000 range is a significant resistance barrier.
Below, the 83,500ā84,000 zone is providing strong support.
Market Dynamics
In such indecisive zones, the market often pauses before making a decision.
Recent price movements can be seen as reactions to upward attacks, while dips are tests of liquidity.
Trading Implications
⤠A breakout above this range would accelerate momentum š
⤠A breakout below would intensify selling pressure š
Market Outlook
We remain bearish, consistent with our previous analysis. However, the market is currently in a wait-and-see mode ā±ļø
