Price aggressively swept liquidity into the HTF resistance and immediately rejected, followed by a sharp sell-off. Subsequent rebounds have failed to reclaim the resistance, confirming it as a distribution zone. Current consolidation near 87.8k reflects weak demand and hesitation, not strength.
Key Scenarios
❌ Bearish Case 📉 (Primary) → Failure to reclaim 88,500 – 88,800 targets 86,200 → 85,200 → 84,400.
✅ Bullish Case 🚀 (Invalidation) → Only a clean 30M close and acceptance above 89,000 flips structure toward 90,200 – 90,800.
Current Levels to Watch
Resistance 🔴: 88,800 – 90,000 (HTF)
Support 🟢: 86,200 → 85,200 → 84,400
⚠️ Disclaimer: This analysis is for educational purposes only. It is not financial advice.
BTCUSDT
Perp
88,216.3
+0.46%