LIVE MARKET! 🔴 Wall Street opened $BTC: Wall Street Trap (Post-Opening)
The price action after the opening of the U.S. (9:30 EST) confirms that the market is in a Distribution phase around the $90K zone. As analysts, we do not trade FOMO. We observe:
Resistance Rejection: The inability to hold above $90,400 indicates strong institutional profit-taking coinciding with the news from the banks.
Critical Support: The level of $89,800 is the immediate high liquidity support. If that level is lost, the data projects a quick correction towards the $89,000 zone.
Key Data: The low volatility before the opening was an accumulation of orders. Now, the price is liquidating aggressive Long positions.
Strategy: We remain cautious. Waiting for confirmation of the $89,800 support is crucial. Would you trade Long or Short this consolidation?
