$BTC is consolidating inside a large descending channel after the sharp drop from 109k. Price is now hugging the lower half of the channel and sitting right on the 89–90k horizontal support zone. The 25 and 99 MAs are still bearish (death-cross completed), but we’re seeing a clear loss of downside momentum and higher volume on green candles. Looks like accumulation before the next leg.
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$BTC is consolidating inside a large descending channel after the sharp drop from 109k. Price is now hugging the lower half of the channel and sitting right on the 89–90k horizontal support zone. The 25 and 99 MAs are still bearish (death-cross completed), but we’re seeing a clear loss of downside momentum and higher volume on green candles. Looks like accumulation before the next leg.
Entry: 89,250–90,000
TP1: 95,000
TP2: 99,000–100,000
TP3: 103,500–104,000
Stop Loss: 86,800