🔥 #BTC : The $90k Bounce - What Just Happened?!

Alright, so you noticed it too! #BTC did the classic "fakeout shakeout" move - dipped to $89k, scared everyone, and then bounced right back to the $90s. Let's break down what's really going on here.

📈 The Play-by-Play

What happened:

BTC dipped below $90k to around $89k

Panic selling kicked in (as usual)

Big players scooped up those cheap bags

Boom - back to $90-91k range

This is actually a classic bull trap/bear trap depending on how you read it. The market loves to test conviction by dipping just below key levels to shake out weak hands.

🤔 What This Tells Us

The Good Stuff:

Strong buying interest below $90k

Whales are active - they love these dips

$90k is establishing itself as real support (the more tests, the stronger)

Quick recovery shows bears don't have much power here

The Not-So-Good:

Still range-bound - we haven't broken out yet

Lower highs on the daily chart (concerning)

Volume was meh on the bounce (could be better)

🎯 What to Watch Next

If Bulls Win:

Hold $90k now that it's been "re-tested"

Build base for run at $95k+

Need increasing volume to confirm

If Bears Aren't Done:

Another test of $89k or lower

Slower recovery next time

Might need to wash out more weak hands

💡 My Take on This Move

This is actually pretty bullish short-term. The fact that we dipped below $90k and recovered quickly shows there's real demand here. Markets that can't stay down are usually preparing to go up.

BUT... we're still in this annoying range until we see a decisive break above $92k. Until then, it's just chop city.

🎮 Updated Game Plan

If you bought the dip: Nice work! Consider taking partial profits around $92k if we get there

If you missed it: Don't chase! Wait for either a confirmed breakout or another dip

If you're already holding: Patience still pays - this range won't last forever