Peter Smith
⬤ Bitcoin kicked off the weekend with barely any momentum, settling into another sideways grind on the 1-hour chart. Right now, BTC is hovering around $88,300 after some choppy moves earlier in the day, but there's no real breakout happening in either direction. Weekend sessions tend to be quieter, and this one looks no different—traders are watching how price reacts to key technical levels rather than expecting any major moves.
⬤ Looking up, there's a resistance zone sitting near $88,865 where the recent wick topped out. If Bitcoin pushes into that area, it's more likely to get rejected than break through cleanly. The next meaningful resistance sits higher at $89,375, and only if that level gets reclaimed would we see a realistic shot at reaching $90,400. But given how flat things are right now, that kind of move seems pretty unlikely before the week starts.
⬤ On the flip side, support is clearly marked around $87,420, which lines up with the start of the recent impulse move. If price dips down to test that level, traders will be watching for a bounce or reversal. But if that support breaks, the next stop would be around $85,890—the recent lows. Once price hits that zone, the focus shifts back to looking for a potential reversal rather than continued dumping.
⬤ This kind of setup matters because it shows a market that's stuck in limbo, reacting to short-term zones instead of following any strong trend. With weekend volume this low, these technical levels become even more important for framing what might happen next. How Bitcoin handles these areas could set the tone for when real liquidity comes back on Monday.
Peter Smith
