đŻ The $90K Line in the Sand: Make or Break for BTC
âBitcoin is at a massive crossroads. After pulling back from the $126K peak, we are now sitting directly on the $90Kâ$92K support zone. This isn't just "random chop"âthis is a high-stakes battle for the bull market's structure.
âđ The Setup: Compression Before Expansion
âPrice is tightening, and the market is holding its breath. Here is the roadmap for the coming days:
âThe Bull Case: As long as $90K holds, the bulls remain in the driverâs seat. A reclaim of $103K is the ultimate green light for the next leg up.
âThe Bear Case: A weekly close below $90K likely flips momentum, opening the trapdoor for a deeper correction toward $80Kâ$85K.
ââ ïž Don't Forget the CME Gaps
âHistory likes to rhyme. We have a forgotten CME gap from September 2024 that looks eerily similar to the dip we saw just before the run to $126K.
âIs it time to short? Not so fast. Shorting here is high-risk. There is a smaller CME gap lingering around $100K that could act as a magnet for a "relief bounce" before any major dump. If price hits that $100K zone and shows weakness, we might even see a Head & Shoulders pattern form.
âđĄ The Strategy
âRight now, the intraday noise is a distraction. The Weekly Close is the only signal that matters.
âPatience is a position. Waiting for confirmation around the $90K level will yield much better results than guessing the next move in an indecisive market.
â#mdkharoonafridi #Bitcoin #CryptoUpdate #BTC #TradingStrategy $BNB $BTC
