BTC is still in a macro uptrend, but we’re in the “prove it” zone.
Price: ~$90K (1W)
– Lost the 50-week EMA around $99K and just got rejected there → now key resistance – Stuck in the middle of the range: > Support: $80–82K (first real demand) > Resistance: $99–110K (prior top + 50W EMA)
My lines in the sand:
> Weekly close back above $99–100K → bull trend likely back on, re-targeting prior highs > Weekly close below $80K → opens the door to $70–75K
Until one of those breaks, expect chop, fake breakouts and pain for over-leveraged traders.
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BTC daily update 👇
BTC is still in a macro uptrend, but we’re in the “prove it” zone.
Price: ~$90K (1W)
– Lost the 50-week EMA around $99K and just got rejected there → now key resistance
– Stuck in the middle of the range:
> Support: $80–82K (first real demand)
> Resistance: $99–110K (prior top + 50W EMA)
My lines in the sand:
> Weekly close back above $99–100K → bull trend likely back on, re-targeting prior highs
> Weekly close below $80K → opens the door to $70–75K
Until one of those breaks, expect chop, fake breakouts and pain for over-leveraged traders.