$BTC: Fakeout Incoming? 🚨

After four days of gains, $BTC is pulling back. The $90,000 level is proving to be significant resistance. We’re still in a sideways trading range – direction is unclear.

However, with weakening bullish momentum, I anticipate a likely scenario: a dip to around $80,000 to flush out leveraged longs, followed by a rally back to $94,000-$98,000. This would be an ideal opportunity to take profits on spot holdings.

Alternatively, failure to break $90,000 could trigger a more prolonged, choppy decline as shorts cover. Regardless, those heavily invested in spot should consider reducing exposure near $98,000. 📉

#Bitcoin #CryptoTrading #MarketAnalysis #BTC 🚀

BTC
BTCUSDT
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