Guyss Listen, $BTC is currently hovering around the 88.7k area and this price action is very clear to me. 👀✌️
On the higher timeframe, Bitcoin already made a strong move up from the 86.7k region and printed highs near 89.3k. Instead of dumping hard from there, price started moving sideways, which tells me this is not distribution yet, but preparation.
First, I’m expecting a push higher.
Yes, BTC can still pump towards the 88.9k – 89.3k zone. This move is likely just to grab liquidity, trigger breakout buyers, and trap late longs. Don’t get emotional here.
After that move, what’s next? 🤔
Once liquidity above the highs is taken, I’m expecting a sharp rejection and a dump. That dump can be aggressive and fast. A move back towards 88.0k is very possible, and if momentum increases, even 87.7k – 87.5k should not be ignored.
Between 88.9k – 89.3k, I’ll be watching closely for short opportunities, keeping my stop safely above the highs. My main focus after the pump will be below 88k, where trapped longs will start panicking.
But listen, this is day-trade price action and BTC is moving slowly with low conviction. Expect sudden volatility and fast candles. Don’t over-leverage and don’t chase moves.
Trade smart. Patience always pays.
#BTC90kChristmas #FedOfficialsSpeak
