Bitcoin at a Crossroads: The Battle for $90,000! ๐๐ What's Next for BTC? ๐๐
Bitcoin ($BTC) is currently trading in a very tight range around the $90,000 psychological mark. After a sharp correction from the $97,900 peak down to $87,263, the market is now deciding its next major direction. Let's look at the technical levels! ๐๐ฏ
Technical Analysis:
โ Support Zone: The $87,200 - $88,000 area has acted as a strong floor. Buyers stepped in aggressively at $87,263, creating a solid base for a potential recovery.
๐ Resistance Levels: The immediate hurdle is $92,300. A clean 4-hour candle close above this level will clear the path for a retest of $95,000 and eventually the $100k dream.
๐ Current Trend: On the 1-hour and 4-hour charts, BTC is consolidating. This "sideways" movement is healthy after such a massive volatility spike.
Market Sentiment:
The psychological level of $90,000 is key. Staying above this level will keep the bullish momentum alive. However, if we lose the $87k support, we might see a deeper correction toward $85,000 to gain more liquidity.
๐ก Strategy for Followers:
Patience is the best trade right now. Don't rush into high leverage during this consolidation. Watch the $92,300 breakout for a bullish confirmation! ๐ก๏ธ๐๐ฅ
Whatโs your take? Is BTC ready for $100,000 or do we need more correction? Let's discuss! ๐
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