At the start of the U.S. session this week, BTC saw a significant long liquidation sweep, dropping to the $89,300 area. It quickly recovered, moving close to $90,000.

This demonstrates BTC's strong hold 👍, offering a positive signal for investors favoring long positions. The market activity sets an interesting tone for the upcoming trading period.

However, uncertainty remains regarding a potential dip to the $88,800 area. This level is crucial for clearing further long liquidity 😬.

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