$BTC is rejecting aggressively from the 90,000 supply zone after a stop-run expansion, favoring a sell-the-rally and mean-reversion bias rather than immediate trend continuation.
Trading Plan — SHORT
Entry Zone: 88,200 – 89,500, fading any relief bounce into the failed breakout and overhead supply
Stop Loss: 90,800, above the liquidity sweep high and structural failure point
Targets: 86,500 → 85,200 → 83,800
Price delivered an impulsive vertical expansion into 90,365 followed by immediate rejection, signaling a classic liquidity grab rather than acceptance at higher prices. The move failed to build structure above prior highs, and the subsequent sell-off retraced deeply into the range, indicating lack of higher-timeframe follow-through. Current action reflects distribution after excess, with buyers showing poor commitment once price moved above value.
This sell-the-rally thesis remains valid as long as price fails to reclaim and hold above 90,000 on a daily closing basis. A strong daily close above 90,800 would invalidate the rejection thesis and shift bias back toward continuation.
Bias remains tactical and risk-controlled; until BTC proves acceptance above the highs, upside extensions are treated as exhaustion, not confirmation.
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