Bitcoin is trading around 88,500 – 89,000, a key intraday resistance zone. Price recently formed a Higher Low, indicating short-term bullish structure. The impulsive move up left a Fair Value Gap (FVG) below price, which may act as a retracement target. There is a visible Bearish SMT divergence, suggesting weakening momentum. Rejection from 89,500 – 90,000 could lead to a pullback toward 87,800 – 88,000. Holding above 88,000 keeps bullish continuation valid. A clean break and close above 90,000 opens the path toward 91,500+. Volume confirms participation but not strong expansion yet. Market is currently in a range-to-expansion phase. Bias: Neutral to mildly bullish, with caution near resistance. #BTC $BTC
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BTCUSDT – 1H Technical Analysis:
Bitcoin is trading around 88,500 – 89,000, a key intraday resistance zone.
Price recently formed a Higher Low, indicating short-term bullish structure.
The impulsive move up left a Fair Value Gap (FVG) below price, which may act as a retracement target.
There is a visible Bearish SMT divergence, suggesting weakening momentum.
Rejection from 89,500 – 90,000 could lead to a pullback toward 87,800 – 88,000.
Holding above 88,000 keeps bullish continuation valid.
A clean break and close above 90,000 opens the path toward 91,500+.
Volume confirms participation but not strong expansion yet.
Market is currently in a range-to-expansion phase.
Bias: Neutral to mildly bullish, with caution near resistance.
#BTC $BTC