$BTC Update

Bitcoin (Daily Chart) – Short Analysis

Bitcoin is currently in a corrective phase, forming a potential ABC structure on the daily timeframe. Price is facing strong resistance near the 89,200–90,000 zone, which is acting as a decision level.

A daily close above ~94,500 is required to confirm strength and activate the C-wave upside target, opening room toward the 103,500–109,000 supply zone.

Failure to sustain above resistance may lead to another rejection, with downside risk toward the 85,500–80,500 demand zone.

Overall, market remains range-bound and reactive, waiting for a clear daily close confirmation before the next directional move.