$BTC Bitcoin at $90k: Why You Should Pause (And Exactly When to Buy)
Let's cut through the noise. Bitcoin's recent surge has everyone excited, but jumping in now could be like running through a fog-covered minefield.
1. Weekly Close Above $95k: No Compromises
- **What to Watch:** A *strong* weekly candle closing decisively above $95k. No wicks, no “almost.” A clean break.
- **Why It Matters:** This signals institutional momentum, not retail FOMO. It's the market's way of saying, “Yes, we are ready to surge.”
2. “Break and Retest” on the Daily Chart
- **What to Watch:** Bitcoin must break 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 changes from resistance to launchpad. If it crumbles, you've dodged a bullet.
**Fundamentals You Can't Ignore**
Technical setups don't exist in a vacuum. Right now:
- **Market Sentiment:** Euphoria is at its peak. Google searches for “buy Bitcoin” are increasing—a classic contrarian warning sign.
- **Liquidity Dynamics:** The $95k zone is filled with sell orders from trapped buyers of 2021. Breaking it requires *real* buying *power*, not hype.
- **Macroeconomic Risks:** Fed policies, ETF flows, and geopolitical tremors could cause the market to drop overnight.
**My Position: Why I'm 100% in Cash (For Now)**
I'm not anti-Bitcoin. I'm anti-*recklessness*. Until Bitcoin delivers the two confirmations above, I'm in cash. Here’s what I’m protecting:
- **False Breaks:** A quick rise to $95k followed by a 20% drop (ask the 2021 buyers how that feels).