📊 Current Price: $89,238.26 (As per the chart provided).

Bitcoin has been struggling after being rejected from the recent high of around $94,000. The price is currently stuck in a tight range, indicating major uncertainty and potential volatility ahead.

🚨 3 Key Observations from the 1H Chart:

$90,000 Psychological Resistance: The price has repeatedly failed to hold above the psychological $90,000 mark and the 24h High of $90,289. The downward pressure remains strong until this level is convincingly reclaimed.

Moving Average (MA) Pressure: The MA(99) near $91,196 is acting as significant overhead resistance, keeping the price suppressed. All major Moving Averages are currently signaling 'Sell' actions.

Critical Support Test: BTC is continuously testing the crucial support level near the 24h Low of $88,801. A break below the wider $88,000 - $89,000 support zone could trigger a larger downside move.

🔥 What To Expect Next? (The Two Scenarios)

BULLISH Scenario (The Bounce):

Confirmation: A strong close above $89,518 (MA 25), followed by a breakout and sustained flip of the $90,000 resistance into support.

Target: Reclaiming $90,000 sets the next target at $91,795 (Pivot R1) and potentially a full retest of the recent $93,000 - $94,000 resistance area.

BEARISH Scenario (The Breakdown):

Confirmation: A close below the 24h Low of $88,801.

Risk: This would likely lead to a fast move towards the next key support levels at $87,500 and $85,000. This is a key zone for long liquidation.

👉 My Trading Action Plan:

Risk Management: This is a high-risk consolidation area. Set tight Stop Losses (SL) if trading leverage.

Best Entry: Wait for a clear breakout above $90,000 (Long entry) or a decisive break below $88,800 (Short entry).

💬 Community Poll: Share Your Trade!

Are you buying the current dip (Long) or anticipating a further drop (Short) from here?

A) Long! Reclaim $90k is imminent. 🚀

B) Short! We're heading to $88k or lower. 📉

Let me know your vote and reason in the comments! 👇

$BTC

#bitcoin #BTC #priceaction #TradingSetup #CryptoAnalysis #BTCUSDT