BTC/USDT Analysis: Respecting the Trendline as $90K Resistance Looms

The current price action for $BTC is showing a textbook consolidation pattern within a well-defined ascending channel. As seen in the attached chart, we are currently trading around the $89,012 level, caught between a rock and a hard place.

Key Technical Levels:

🟢 Strong Support Zone: We have a heavy demand zone established between the $82,000 and $85,000 levels. This area has been tested and held multiple times, making it a high-probability "Buy Zone" for long-term spot positions.

🔴 Key Resistance: The immediate hurdle sits just above $90,000 (red zone). We are seeing some selling pressure here as traders take profits near the psychological resistance. A clean break and hold above this zone is required to confirm the next leg up.

📈 The Trendline: The white ascending trendline remains the backbone of this current move. As long as the price continues to make higher lows along this line, the bullish structure remains intact.

Market Outlook:

We are currently in a "Wait and See" zone. If BTC bounces off the mid-line of the channel, my immediate target is the top resistance near $95,000. However, a break below the "Strong Support" would invalidate this setup.

Trading Tip: I am looking for a consolidation near $88k before a potential breakout. Keep an eye on the RSI for any bearish divergence at these levels.

What’s your move? Are you longing the support or waiting for a breakout above $90k? Let me know in the comments! 👇

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