š BTC Price Analysis: Is the $90k Support Holding? [Strategy Inside]
āBitcoin (BTC) is currently testing a critical psychological level at $90,000. After pulling back from the 2025 highs, we are seeing a broad consolidation phase.
āThe Strategy: Range Trading
In a sideways market like this, "Range Trading" is your best friend.
āSupport: $89,000 - $90,000
āResistance: $96,000 - $98,000
āHow to trade this:
āBuy near Support: Look for bullish reversal candles (like a Hammer) near the $90k mark.
āSell near Resistance: Take profits as we approach $97k.
āStop Loss: Always set a tight stop loss below $88,500 to protect against a deeper correction.
āMarket Sentiment: The Fear & Greed Index is currently sitting around 34 (Fear). Historically, buying when others are fearful has been a winning move for long-term holders.
āAre you bullish or bearish for the rest of January? Leave a comment!
ā#BitcoinAnalysis #tradingStrategy #BTC #TechnicalAnalysiss #Write2Earn $BTC $BTC
