Usman Salis
⬤ Bitcoin has settled into a consolidation phase following sharp downside movement, with the daily chart showing price bouncing off a rising support zone. BTC is trading around $89,600 after printing two consecutive indecision candles—a sign that directional momentum has stalled for now. The ascending channel structure remains intact, suggesting the broader uptrend hasn't been broken yet.
⬤ The current setup revolves around a developing higher low rather than chasing aggressive continuation. The structure stays valid as long as Bitcoin holds above $85,300, which serves as the equal low and stop-loss threshold. Multiple rejections near the lower channel boundary show buyers are actively defending this zone and aren't ready to let it break.
The current BTC spot setup is built around a developing higher low thesis rather than aggressive trend continuation.
⬤ A critical level sits near $92,300—an area that's acted as a pivot during recent price swings. Bitcoin dipped below this mark but is now stabilizing, hinting at potential reclaim attempts. Upside targets land between $98,000 and $100,000, lining up with the upper portion of the channel. This is structured as a spot trade with no leverage or futures risk involved.
⬤ Bitcoin's price behavior matters because it often dictates short-term sentiment across the entire crypto market. The combination of indecision candles and a higher low formation points toward consolidation rather than breakdown. How BTC handles the $92,300 zone and whether it defends support above $85,300 will likely shape volatility and directional bias across digital assets in the coming days.
Usman Salis
