$BTC /USDT is showing distribution behavior near intraday resistance, with repeated rejections from the 89.7k–89.9k supply zone and failure to sustain above key intraday structure levels. Price is now hovering below resistance and forming lower highs on lower timeframes, indicating weakening bullish momentum. Liquidity above has already been swept, and the the the the the the current structure suggests bearish continuation toward lower liquidity zones if support fails.

This is a classic rejection → breakdown → continuation setup, favoring a short bias as long as BTC remains below the 89.7k resistance band.

Trade Setup

Entry: 89,350 – 89,550👈

Targets:

• Target 1: 89,000👈

• Target 2: 88,600👈

• Target 3: 88,100👈

Stop Loss: 89,950

#GrayscaleBNBETFFiling #USIranMarketImpact #ETHMarketWatch #WEFDavos2026

BTC
BTCUSDT
88,449.8
+0.30%