BTC Just Got Wrecked: Is $90K The New Floor or Floor Collapse? ๐
This content is a Macro/Fundamental Analysis focusing on price structure and long-term trend following a recent pullback.
The recent sharp red candles shook everyone, especially after the $120k hype faded back to $90k territory ๐ฑ. $BTC has been grinding sideways between $86K and $90K for ten days, creating massive uncertainty. However, looking at the higher timeframe structure, the move remains fundamentally sound. We saw a powerful impulsive leg up, breaking into a new ATH zone, followed by a necessary, healthy correctionโthis is textbook behavior after massive rallies. The key is that $BTC is currently respecting the major support band between $85k and $90k. As long as this zone holds, the overarching trend is still bullish; this looks like a re-accumulation phase, not a structural breakdown. Upside targets remain clear: initial resistance near $110k, followed by the expansion zones targeting $125kโ$138k. Patience is paramount; pullbacks are mandatory steps in a bull cycle. Smart capital accumulates near established support during fear, not chasing euphoria at the peaks.