Saad Ullah
⬤ Bitcoin made a run at the $90,600 resistance level before backing off, leaving the short-term direction uncertain. The move up came without testing lower support levels that many traders were eyeing. Right now, the weekly open around $87,800 looks shaky, which means BTC could easily drift back down to test that area again before the week's out. Price is hovering just under resistance as the market tries to figure out its next move.
⬤ The setup offers different plays depending on how Bitcoin handles $90,600. If BTC pops above that level to grab liquidity and then reverses, short positions could make sense after a clean 15-minute structure break, targeting a return to the weaker low near $87,800. But if Bitcoin actually reclaims $90,600 on the 4-hour chart and holds it, there's potential for continuation up toward the next resistance around $93,500. There's also liquidity sitting below $87,490 that could set up long entries if price sweeps down and bounces.
⬤ The downside risk is real, especially if Bitcoin loses the higher-timeframe support around $86,900. A break below that could trigger continuation shorts down to the $85,000 zone, which serves as a lower support area. The whole setup reflects typical holiday trading—thin volume and choppy price action that makes clean moves harder to catch. That's why reduced risk makes sense until normal market participation comes back.
⬤ What happens around $90,600 matters because it'll likely decide whether Bitcoin pushes higher or enters another pullback. With liquidity stacked above resistance and below support, price discovery should stay active as traders test these zones and reassess where things stand heading into the new year.
Saad Ullah
