$BTC Bulls Building Strength – Will They Push Through Resistance?
Bitcoin holds firm above $88.5K after a clean bounce from the $86.9K zone. With price hugging the EMAs and MACD showing solid momentum, bulls are eyeing a breakout.
Chart Structure:
Price riding above EMA(15), EMA(20), and EMA(50)
MACD showing bullish crossover, but flattening out
Resistance seen at $88.9K – 89K zone
Trade Setup (15m):
Entry: $88,450 – $88,550 (on pullback)
TP1: $88,900
TP2: $89,300
SL: $86900
{future}(BTCUSDT)
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Trade here:
{spot}(ETHUSDT)
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Bitcoin's Bounce Back to Over $88K Sparks Uncertainty Amid Increased Derivatives Activity
Bitcoin's recent recovery to nearly $89,000 has sparked concerns about the current market rally's durability, following an unexpected surge in open interest. Analysis from CryptoQuant indicates that price pumps driven by derivatives often lack sustainability, with recent 16% and 15% spikes in open interest echoing patterns seen in the bullish phase of November/December 2024.
However, current price movements are more subdued, suggesting significant selling pressure and a potentially weaker rally. Despite these concerns, Bitcoin's Realized Capitalization recently hit a record $872.2 billion, indicating market confidence and accumulation. This suggests that more capital is flowing into Bitcoin, with investors choosing to hold rather than sell.
BTC/USDT – Caution Ahead? Bullish Momentum May Be Masking a Hidden Dump
Bitcoin is currently showing strong bullish momentum, sweeping liquidity above the weekly candle highs. However, beneath the surface, signs are emerging that a pullback may be on the horizon.
Here’s why we’re watching closely for a potential dump:
- High buy volume on 1H – Large buy spikes often precede liquidity grabs followed by sharp reversals.
- Bearish patterns on lower timeframes – M30 showing a two-bar reversal around key liquidity levels.
Key Short Zones:
- $88,860 – Strong liquidity zone + M30 reversal confirmation. Ideal for a potential short entry.
- $94,000 – Major 4H Order Block (OB). A strong level with confluence for selling.
Downside Targets:
- $84,100 – Previous low + Fair Value Gap (FVG) + OB. Expect a reaction here.
- $80,000 – A major zone loaded with H1–H4 FVG, liquidity, and OB confluence. Strong support and likely bounce zone.
Pro Tip: Always use stop-losses. Capital preservation is key—especially during volatility traps.
Let the chart guide your trade, not emotion. Trade $BTC