After a volatile and choppy session, Bitcoin has successfully defended the critical $89.3k zone. To the untrained eye, this looked like a breakdown, but for experienced traders, the dip served its primary purpose: clearing over-leveraged longs and resetting the board.
Why this consolidation is healthy:
Foundation Building: Markets don’t move in straight lines. By holding $89.3k, BTC is building a robust base for the next leg up rather than a speculative blow-off top.
Sentiment Reset: The "extreme greed" has cooled down, allowing for a more sustainable trend.
Liquidity Grab: We saw significant liquidations in the $88k-$89k range, which often precedes a strong reversal.
The structure remains clean. As long as we trade above this support, the path of least resistance is still higher. Don't let the noise distract you from the trend.
What’s your move?
Are you buying this dip or waiting for more confirmation? Let’s discuss in the comments. 👇
