#BTC

📈 Market Context (Near Term)

Bitcoin is trading around ~$88K-$90K, showing range-bound behavior with year-end thin trading volume. �

The Economic Times +1

Some short-term rallies have pushed BTC briefly above $90K, but strong directional conviction is missing. �

The Economic Times

Overall sentiment remains cautious / consolidative, with traders watching key levels for breakouts or breakdowns. �

The Economic Times

📊 Key Technical Levels

Support Levels

~$85K–$88K — near current consolidation support

Deeper support zones seen historically around lower Fib levels like ~$56K–$60K (for long-term holders). �

TradingView

Resistance Levels

~$90K — psychological resistance zone

~$100K — major psychological breakout level

~$108K-$110K and above — higher resistance cluster if bulls regain control. �

CoinLore +1

📌 Short-Term Trading Bias

Bullish Scenario (if): ✔ BTC stays above $88K–$90K and breaks above $90K with volume → could test $95K–$100K+

✔ Break above heavy resistance levels eventually may open room for higher targets like ~$108K–$110K. �

CoinLore

Bearish Scenario (if): ✖ Failure to hold $88K → risk of a deeper pullback toward mid-range support (~$80K)

✖ Bearish structure and breakdowns might extend momentum lower toward larger demand zones. �

TradingView

🧠 Sentiment & Macro

Institutional buying (e.g., major corporate BTC acquisitions) continues, but market momentum is subdued lately. �

Barron's

Broader macro and regulatory developments are key drivers — uncertain catalysts can keep volatility high. �

MarketWatch

📌 Trading Tips

Range trade: Buy near support ($85K-$88K), take partial profit near resistance ($90K-$95K).

Breakout trade: Long above confirmed breakout over ~$90K with higher volume, target next resistances.

Risk management: Use stop-loss below key supports to protect against deeper downside.

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