🟢 We’re back in the green! Did you hold? 🚀
What a rollercoaster of a day. One minute everyone is talking about "the end of the cycle" at $87k, and the next, the green candles start printing and the mood completely flips. Typical crypto Saturday, right?
Bitcoin just put in a solid bounce, and honestly, seeing it hold that $87,000–$88,000 support is a huge relief for anyone who was feeling the "Extreme Fear" this morning.
Why I think we just saw a bottom:
The Whale Game: While retail was panic-selling earlier, the on-chain data shows the big players were actually scoopin' up the supply. They love a good discount.
The "Clean Out": We needed to flush out the late longs. Now that the leverage is lower, the move up feels much more "organic."
Year-End Vibes: With the big options expiry behind us, the "sell pressure" is drying up. People are starting to position themselves for the first week of January.
My take on the charts: 📊
If we can flip $89,500 and turn it into a floor, I’m looking at $92k next. The momentum is definitely shifting back to the bulls, but keep an eye on the volume—we want to see high-volume buying to confirm this isn't just a "dead cat bounce."
#Crypto #bitcoin #BinanceSquareFamily #MarketUpdate #analysis
