๐ BTC Stalls at $90K: Trap or Launchpad?
Monday trading feels heavy, doesn't it? Bitcoin is hovering right around $89,960, struggling to make a decisive move above the psychological $90K line. Looking at the H4 chart right now, that sharp rejection at $92,000 earlier was a clear signal: bears are still aggressively defending the highs, and buyers are exhausted.
๐พ๐๐๐'๐ ๐๐๐๐๐๐ ๐ ๐๐๐๐๐๐ ๐๐๐๐? Letโs be realโthe market is nervous. We are in a "de-risking" mode ahead of the FOMC meeting this week. Everyone is waiting for Powellโs signal on interest rates. Even with the bullish news about the Texas Strategic Bitcoin Reserve, price didn't fly. Why? Because the "Smart Money" (ETFs) has been net selling recently. When the big guys pause, we chop.
๐๐ก๐ ๐๐๐๐ก๐ง๐ข๐๐๐ฅ ๐๐๐ญ๐ฎ๐ฉ (๐๐) We are stuck in "No Man's Land."
โข The Ceiling: The $91.5K - $92.5K zone is a brick wall. Unless we get a high-volume candle closing above this, any pump is likely a trap.
โข The Floor: Watch $87,500 - $88,000 closely. If we lose this local support, the chart looks ugly, with a likely flush down to $85,000 to fill those liquidity wicks from last week.
๐๐ฒ ๐๐ฅ๐๐ง? Iโm sitting on my hands today. The market is compressing, which usually means a volatile move is coming, but predicting the direction before the Fed speaks is gambling, not trading.
โข Bull case: Wait for a reclaim of $92K.
โข Bear case: Short the rejection if we test $91K again with low volume.
๐บ๐๐๐๐๐๐๐๐, ๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐๐.