🚹 Bitcoin's $90K "Line in the Sand": Bear Trap or Free Fall? đŸ»đŸ“‰

$BTC is testing the $90,000 breaking point like it’s a trampoline. We saw a scary wick down to ~$88k earlier, but the bulls stepped in to defend the line. đŸ›Ąïž

Here’s the lowdown on why this is happening and what to watch:

‱ The "Degen Cleanse": Over $1 BILLION in leveraged longs got wiped out. This flush was painful but necessary to reset the market heat.

‱ Macro Jitters: The Fed is playing hard to get with rate cuts, and ETF outflows have spooked the short-term tourists.

‱ The Alpha: While retail is panic selling, on-chain data shows long-term holders and whales are ACCUMULATING. They are scooping up your cheap coins. 🐋

My Take: This feels like a classic "Bear Trap." The sentiment is at "Extreme Fear," which is historically the best time to buy. If we hold $90k, this could be the springboard for the Q4 rally to $120k. If we lose it, $80k is the next stop.

Are you buying this bloodbath or waiting for lower prices? Drop your "Buy" or "Wait" strategy below! 👇

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