$BTC : Buyers Defend 88,500 Support, Targeting 90,600 Retest
BTC remains in a corrective-to-recovery phase following the prior impulsive rally. After multiple failed breakout attempts from a descending triangle, buyers finally took control, driving the price into a defined range (94k–98k). The eventual bearish breakdown swept liquidity below the range, accelerating to the 88.5k–88.8k demand zone—where selling exhausted and aggressive buying emerged.
This reaction formed a clean ascending channel with higher lows, signaling short-term bullish recovery. Price is now compressing just below the key 90.6k resistance (former range low / channel midline), showing no strong rejection yet—classic buildup behavior.
🚀Bias & Plan
Bullish while price holds above 88.5k–88.8k and respects channel support.
- Break & close above 90.6k → continuation likely toward higher recovery targets.
- Failure at resistance + channel breakdown → retest of support zone probable.
- Loss of 88.5k–88.8k → invalidates recovery; deeper correction opens.
Structure currently favors buyers. Wait for confirmation—do not force entries into compression.
DYOR. No financial advice.
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