🔍 Market Snapshot:
$BTC Bitcoin has slipped below the key $90,000 mark, trading around ~US $89,900.
The drop has wiped out its 2025 gains to date, with a $126,000).
At the same time, large holders (“whales” holding ≥1,000
$BTC ) are increasing their holdings — 1,436 entities now hold that much, even as price falls.
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📉 Technical & Sentiment Notes:
A bearish “ABCD” pattern is emerging, with a potential target near $83,800 if support breaks.
Price recently tested the ~$93,600 area before bouncing; some interpret this as a liquidity sweep rather than full reversal.
Market sentiment is weak: macro uncertainty (interest rates, risk appetite) is dragging crypto market mood.
$BTC ---
🎯 Key Levels to Watch:
Immediate resistance: Around $96,000 – $99,000 (recent support-turned-resistance).
Immediate support: Around $83,800 in downside scenario.
A break above the resistance with strong volume could signal recovery; a break below the support could lead to deeper correction.
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🧭 What It Means for Traders:
If you’re long: The current weakness suggests caution — set tight risk management, watch for confirmation of bounce.
If you’re short/hedged: The bearish structure is valid, but watch for possible sharp snap-backs (liquidity hunts) if support holds.
For the medium-term: Despite the current drop, accumulation by large holders suggests some underlying conviction — this could mark consolidation rather than full trend reversal (but not guaranteed).
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Bitcoin’s recent drop under ~$90 K is a red flag in the short term — sentiment and macro factors are weak, technicals point to further risk. However, increasing whale accumulation may hint at a base forming. Key: hold above ~$83,800 for recovery hope; break it and caution is needed.
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