🎢 Bitcoin's Battle for $90K: Is the Major "Shakeout" Over?
The $BTC/USDT 4-Hour chart tells the whole story: Historic highs followed by sharp volatility.
📊 Chart Analysis:
1. The Peak: The psychological barrier of $90,000 was broken, and the $93K region was tested with euphoria.
2. The Correction: We saw a sharp "wick" down to $85,000. This is a classic bull market shakeout, clearing out over-leveraged positions to reset the funding rates.
3. Right Now: Price is stabilizing around $89,500, recovering half of the drop.
My Take:
The trend remains Bullish, but the $90K zone is our new battlefield. As long as we don't see a candle close below $85K, these moves remain a "healthy correction." No panic, just strategy.
👇 How do you think we enter the weekend?
A) New ATH above $95K 🚀
B) Sideways between $85K-$90K 🦀
#bitcoin $BTC #marketupdate #crypto #binancesquare
