📉 $BTC Analysis: Bearish Divergence or Health Check?
Looking at the recent price action, Bitcoin is at a critical crossroads. While the broader sentiment for 2026 has been leaning toward a $100K target, the immediate chart structure is flashing some cautionary signals that every trader needs to respect.
🔍 Technical Breakdown
Resistance Rejection: We recently saw a strong push toward the $97,000 mark, but the bulls couldn't hold the ground. The chart shows a clear "rounded top" formation, suggesting that the upward momentum is exhausting.
The "Bull Trap" Scenario: Notice the failed breakout above the white resistance line. This "fakeout" often leads to a rapid correction as trapped long positions are forced to liquidate.
Key Support Levels: * Immediate Support: The grey box around $90,500 - $91,000 is our first line of defense. If we lose this, the trajectory points sharply downward.
The Target Zone: A breakdown below the current consolidation range could lead to a retest of the lower liquidity pocket at $84,000 - $85,000 (the red arrow projection).
💡 Trader’s Strategy
The current setup suggests a "Wait and See" approach for spot buyers. For those looking at shorts:
Entry: Look for a confirmed 4H candle close below the $90.5k support.
Invalidation: A decisive move back above $94k would flip the bearish thesis.
Bottom Line: While the long-term "Moon" narrative is tempting, the chart is currently screaming for a healthy correction to shake out weak hands before the next leg up.
What’s your move? Are you buying this dip or waiting for $85k? Let me know in the comments! 👇
