🔥 Analyzing $BTC ’s F*cked Chart Pattern — Top Analysts + My Take
Its been many days since I posted about BTC only based on chart. Recently most focus was on macro, derivatives and positioning, so today I decided to go fully with price action and structure, and also sync this with what market analysts are saying about BTC chart setup.
This post is totally chart based. When macro pressure increase, chart usually shows first if BTC can absorb that pressure or if structure is already weak.
On the 1H timeframe, BTC is forming what is best described as a bearish continuation structure, often referred to as a distribution range within a downtrend. The reason this structure is forming is not a secret anymore, and I’ve explained it in many of my earlier posts as well. After each impulsive sell-off, BTC fails to reclaim the prior support zone and instead moves sideways with lower highs. That behavior tells us sellers are still active, while buyers are only reacting at obvious levels rather than taking control.
This view is also matching with what analysts are pointing out. Several desks cited by Bloomberg recently mentioned weak follow-through on BTC bounces and sellers defending lower highs. Glassnode analysts also noted that downside tests are absorbing liquidity rather than showing strong demand. On derivatives side, Deribit options data shows heavy positioning around current levels, often leading to volatility and downside sweeps during weak structures.
Right now downside around 88k keeps getting tested, which usually weakens support. Upside is capped near 89.8k–90k, a clear resistance zone. As long as BTC stays below this area, bounces looks corrective only.
So go long? No.
Wait for 90k reclaim;
then go short? Definitely not.
Geopolitical situation is very complex right now, and BTC is reacting more on macro and geopolitics. When many people already leaning short, forcing trades usually ends bad.
Macro may trigger the move, but structure will decide the direction.
$RIVER $MMT #WEFDavos2026 #WhoIsNextFedChair
