$BTC: Fakeout Incoming? 🚨

After four days of gains, $BTC is pulling back. The $90,000 level is proving to be significant resistance. We’re still in a sideways trading range – direction is uncertain.

However, with weakening bullish momentum, a likely scenario is a dip towards $80,000 to flush out leveraged longs, followed by a rally back to $94,000-$98,000. This would be an ideal opportunity to take profits on spot holdings.

Alternatively, failure to break $90,000 could trigger a more extended correction, though it might be choppy due to stop-loss hunting.

Regardless, those heavily invested in spot should consider reducing exposure around the $98,000 area. 📉

#Bitcoin #CryptoTrading #MarketAnalysis #BTC 🚀

BTCUSDT

Perp

90,223.4

-2.70%