Bitcoin Hits $90K: Time to Pause, Not Panic (And When to Actually Buy)
Let’s skip the hype. Bitcoin’s surge has the crowd excited, but diving in now could be like charging blind into a trap.
1. Wait for a Weekly Close Above $95K — No Exceptions
What You Need: A strong, decisive weekly candle closing above $95K. No long wicks, no close calls—just a clean breakout.
Why It Counts: That’s the sign of real institutional backing, not just retail FOMO. It’s the market confirming it’s ready to move higher.
2. Look for a Break-and-Retest on the Daily
Watch for: A break above the $91K–$95K resistance zone, followed by a retest that holds. Think of it as Bitcoin validating its breakout.
Why It Matters: If it holds and bounces, it turns resistance into support—a launchpad. If it fails, you saved yourself from a trap.
Don’t Ignore the Bigger Picture
Chart patterns don’t tell the whole story. Right now:
Sentiment Check: Euphoria’s hitting extremes. Spikes in “buy Bitcoin” searches are a red flag—not a buy signal.
Liquidity Pressure: The $95K zone is filled with sell orders from 2021 bag holders. It’ll take serious buying power to break through.
Macro Threats: Fed decisions, ETF flows, and global tensions could flip the trend in a flash.
Why I’m Sitting in Cash—for Now
I’m not bearish on Bitcoin—I’m just playing it smart. Until I see the two confirmations above, I’m staying sidelined. Here’s what I’m avoiding:
Fake Breakouts: A pump to $95K followed by a sharp drop (just ask anyone who bought the 2021 top).
Leverage Wipeouts: Overleveraged longs could get wrecked if resistance holds.
Your Game Plan
1. Pause the Buy Button: Skip the dip buys until $95K is confirmed.
2. Use Alerts, Not Orders: Track the weekly close and the retest. Let Bitcoin prove itself.
3. Keep Your Capital Ready: When it confirms, you’re good to go.
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