🚀 $BTC Market Update: Consolidating Near $89K
Bitcoin is currently navigating a period of high-level consolidation after a volatile start to 2026. After peaking near $95,000 on January 15, the price has pulled back, currently trading around the $89,100 mark.
The market is showing signs of "buyer exhaustion" following the massive rally of late 2025, but long-term institutional sentiment remains cautiously optimistic. We are seeing a battle between macro uncertainty (interest rate decisions and US policy shifts) and the psychological floor at $85,000.
📊 Technical Analysis
Support Zone: The $85,600 level is our "definitive support." A break below this could signal a deeper correction.
Resistance Zone: Bulls need to reclaim and hold $94,700 to reignite the run toward the much-anticipated $100,000 milestone.
Trend: Sideways/Bearish in the short-term (4H/Daily), but the macro-uptrend remains intact as long as we stay above the 50-period moving average near $90,100.
⚡ Trading Setup (Short-to-Mid Term)
If you are looking for an entry, consider this structure based on current liquidity zones:
Entry Price: $88,500 - $89,200
Target 1 (TP1): $92,400
Target 2 (TP2): $94,500
Target 3 (TP3): $98,000
Stop Loss (SL): $84,900
