The current situation of Bitcoin: #BTCRebound90kNext? $BTC
The price now is 86,741, after a strong drop from the peak around 125,000. The current trend is downward, with continued selling pressure and a clear weakness in buying momentum.
Can it return to 90,000?
There is a slight bounce at the current support, but Bitcoin needs to first break through the liquidity zone of 90,000-93,000 and close strongly above it to regain the upward trend and confirm the buyers' control.
Key technical points:
- Liquidity: There is accumulated liquidity at 90,000. If it is truly surpassed, we may witness a rapid upward wave.
- Structure: The trend is downward unless the peaks of 93,000-98,000 are surpassed.
- Expected scenario: Any rise currently is an opportunity for distribution unless the daily close is above 93,000.
In summary:
Returning to 90,000 is possible if the short bounce continues, but sustained upward movement requires a strong break and close above 93,000. Any drop below 85,000 will push the price to lower support areas (80,000-75,000).
$BTC
The price now is 86,741, after a strong drop from the peak around 125,000. The current trend is downward, with continued selling pressure and a clear weakness in buying momentum.
Can it return to 90,000?
There is a slight bounce at the current support, but Bitcoin needs to first break through the liquidity zone of 90,000-93,000 and close strongly above it to regain the upward trend and confirm the buyers' control.
Key technical points:
- Liquidity: There is accumulated liquidity at 90,000. If it is truly surpassed, we may witness a rapid upward wave.
- Structure: The trend is downward unless the peaks of 93,000-98,000 are surpassed.
- Expected scenario: Any rise currently is an opportunity for distribution unless the daily close is above 93,000.
In summary:
Returning to 90,000 is possible if the short bounce continues, but sustained upward movement requires a strong break and close above 93,000. Any drop below 85,000 will push the price to lower support areas (80,000-75,000).
$BTC