Bitcoin is trading around US $91,500 – US $93,000. After breaking below the key $92,000 support zone, the market took a sharp turn down — dropping into the US $88,000-90,000 region amid heavy liquidations. Institutional inflows into spot-Bitcoin-ETFs are returning, which offers a glimmer of hope for a rebound.
Key levels to watch for traders right now:
Resistance: ~ US $93,000-95,000 — if cleared, may trigger bullish momentum.
Support: ~ US $88,000-90,000 — breaking below could open the door to further downside (some analysts eye ~ US $75,000).
Strategy note: Stay alert. With volatility high, it’s not time to “set & forget”. For those participating in the square session:
Consider placing stop-losses if you’re in long positions.
If you’re looking to enter, waiting for a bounce off support or a confirmed breakout above resistance gives better odds.
Keep an eye on on-chain flows and ETF inflows as they are hinting at future direction.
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#BitcoinPriceWatch
Bitcoin is trading around US $91,500 – US $93,000.
After breaking below the key $92,000 support zone, the market took a sharp turn down — dropping into the US $88,000-90,000 region amid heavy liquidations.
Institutional inflows into spot-Bitcoin-ETFs are returning, which offers a glimmer of hope for a rebound.
Key levels to watch for traders right now:
Resistance: ~ US $93,000-95,000 — if cleared, may trigger bullish momentum.
Support: ~ US $88,000-90,000 — breaking below could open the door to further downside (some analysts eye ~ US $75,000).
Strategy note:
Stay alert. With volatility high, it’s not time to “set & forget”. For those participating in the square session:
Consider placing stop-losses if you’re in long positions.
If you’re looking to enter, waiting for a bounce off support or a confirmed breakout above resistance gives better odds.
Keep an eye on on-chain flows and ETF inflows as they are hinting at future direction.