$90,000 Level Forms Strong Support Base
$BTC is currently showing signs of short-term consolidation, with price action confined within a $90,000 – $92,000 range. This behaviour$ indicates a temporary balance between buying and selling pressure as the market digests recent macroeconomic and institutional developments.
Market Structure & Sentiment
The ongoing tug-of-war between bulls and bears revolves around two key forces:
Bullish Support:
Continuous ETF inflows are providing a strong foundation for price stability, reinforcing buyer confidence near the $90,000 psychological level.Bearish Pressure:
Hawkish expectations from the Federal Reserve and uncertainty around upcoming macroeconomic data are limiting upside momentum and encouraging cautious profit-taking.
Despite this, the intraday trend remains constructive, characterized by:
Consolidation and stabilization
Higher probability of bullish continuation
Strong demand emerging on pullbacks
Key Price Zones
Core Support: $89,800 – $90,000
Immediate Resistance: $92,000
Upper Resistance Zone: $92,500 – $93,000
As long as Bitcoin holds above the $90,000 support area, bullish sentiment remains dominant in the short term.
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