Bitcoin at $90k: Why You Should Hit Pause (And Exactly When to Hit Buy)
Let’s cut through the noise. Bitcoin’s recent rally has everyone buzzing, but jumping in now could be like sprinting into a foggy minefield.
1. Weekly Close Above $95k: No Compromises
- **What to Watch:** A *strong* weekly candle closing decisively above $95k. No wicks, no “almosts.” A clean break.
- **Why It Matters:** This signals institutional momentum, not retail FOMO. It’s the market’s way of saying, “Yes, we’re ready to rally.”
2. Daily Chart’s “Break and Retest”
- **What to Watch:** Bitcoin must smash through the supply zone ($91k–$95k), then pull back to *hold* it as support. Think of it as a “proof of purchase” receipt.
- **Why It Matters:** If it retests and bounces, the zone flips from resistance to launchpad. If it crumbles, you dodged a bullet.
**The Fundamentals You Can’t Ignore**
Technical setups don’t exist in a vacuum. Right now:
- **Market Sentiment:** Euphoria is peaking. Google searches for “buy Bitcoin” are spiking—a classic contrarian red flag.
- **Liquidity Dynamics:** The $95k zone is packed with sell orders from trapped 2021 buyers. Breaking it requires *real* buying power, not hype.
- **Macro Risks:** Fed policies, ETF flows, and geopolitical tremors could yank the rug overnight.
**My Stance: Why I’m 100% Cash (For Now)**
I’m not anti-Bitcoin. I’m anti-*recklessness*. Until Bitcoin delivers the two confirmations above, I’m parked in cash. Here’s what I’m guarding against:
- **False Breakouts:** A quick pump to $95k followed by a 20% nosedive (ask 2021 buyers how that feels).
- **Liquidation Cascades:** Over-leveraged longs could get obliterated if the zone holds as resistance.
**Your Action Plan**
1. **Delete Your Buy Button (Temporarily):** No “dips” or “bargains” until $95k clears.
2. **Set Alerts, Not Trades:** Monitor the weekly close and daily retest. Let the market come to you.
3. **Prepare Capital:** When confirmation hits.
