Bitcoin Battles at $91K: Bulls & Bears in a Tight Standoff!

Chart Evaluation: Bitcoin / U.S. Dollar (BITSTAMP) – 3-Minute IntervalKey Observations:

Current Price Action:

Last Traded Price: ~90,938 (SELL zone)

Bid/Ask Spread: 90,938 (SELL) vs. 90,951 (BUY) – Tight spread indicates high liquidity.

Volume (BTC): 

Only 7 BTC traded recently, suggesting low short-term activity.

Price Levels & Trends:

Resistance: Recent highs near 91,800, with minor rejections at 91,200-91,600.

Support: 

Immediate support at 90,000, followed by 89,000-88,400. A break below could signal further downside.

Short-Term Movement: Price is hovering near 90,900, showing slight bearish pressure.

Detailed Analysis & Next Moves:

Bullish Scenario: If BTC holds 90,000 and reclaims 91,200, next target is 91,800.

Bearish Scenario: A drop below 90,000 could trigger a slide toward 88,400-89,000.

Watch for: Increasing volume on breakout/breakdown for confirmation. $BTC #bitcoin #Trade #Write2Earn