$BTC โ $89,641 (-2.64% 24h)
Bitcoin is cooling off after a strong week โ but derivatives positioning remains aggressively bullish.
๐ Market Snapshot
1h: -0.09%
24h: -2.64%
7d: -1.23%
14d: +6.48%
30d: -13.06%
200d: +6.48%
Short-term pullback; higher-timeframe structure intact.
๐ Momentum Check
RSI ~42 โ below neutral (bearish tilt but not oversold)
MACD < 0 โ bearish pressure still active
Volatility easing off โ digestion phase
Momentum is cooling, not collapsing.
๐ Structure & Key Levels
Support
$88.5k โ first reaction support
$86k โ deeper liquidity zone
$83โ84k โ stronger demand pocket
Resistance
$91k โ short-term reclaim
$94k โ momentum unlock
$97โ100k โ breakout acceleration
Market needs to stabilize above $91k to reset bullish momentum.
๐ Volatility & Flow
Post-rally compression โ natural digestion
No blow-off top signals
Volume not capitulation-level โ controlled selling
This looks corrective, not a trend reversal.
๐ช Derivatives
This is where the signal diverges from spot:
Long/Short ratios 1.5โ2.5x bullish
Options skew strongly bullish into year-end
No liquidation cascade โ market is not overleveraged
Derivatives positioning shows confidence, not panic.
๐งฉ Edgen Outlook
BTC is in a short-term pullback inside a higher-timeframe trend.
Spot looks cautious; derivatives look confident.
The market is digesting gains, not exiting.
๐ฏ Scenarios
Bullish
Reclaim $91k โ push to $94kโ97k
Neutral
Range $86โ91k as momentum resets
Bearish
Break $86k โ sweep $83โ84k
