From an hourly perspective, $BTC is at an awkward crossroads.
The key resistance level at 92,240 remains as solid as a rock, while the MACD has formed a death cross below the zero line, further revealing a depletion of short-term momentum and an increase in market sentiment caution.
This means the current market is experiencing a fierce battle between macro positive support and short-term profit-taking + technical selling pressure.
In the short term, it is highly likely to maintain a strong oscillation in the range of 89,626 – 91,325, with a very clear purpose: to clean out weak hands and build momentum for the next directional move. The truly critical dividing line is: 89,000 — the short-term lifeline of BTC.
Once this level is broken with significant volume, the adjustment will deepen, with the primary target below looking at the 86,540 area.
Currently, positions can still be mainly short, with the selling pressure above still significant, so it's advisable to lighten up on positions to prevent getting stopped out by a spike upward.
