BTC Ready for Crash or another Upside Leg up?
#BTC rejected from the expected zone of $98K and is now trading around $90K after getting a bounce from $87K. So what will be next move of #bitcoin ?
To predict next move we will analyze three main things:
The chart
Macro Events And Data
On Chain Data
1. Technical Setup
Look at the chart. $BTC is currently trading at $90,000.
The Trap: $98k wasn't just a resistance, it was a "Bull Trap." Late longs punished, expecting $100k immediately, but the market wasn't ready.
The Law: “Never Buy On Resistance.” When price crashes through a support level (like $90k), that floor becomes a ceiling.
Current Status: $90k has flipped from Support → Resistance. Until we close a 4H candle above this green box, the bears are technically in control of the immediate trend.
2. Fundamental
Why did BTC dump from $98k? It wasn't random.
The market hates uncertainty. The sharp sell-off to $87k correlates perfectly with the "Greenland Tariff".
The Event: President Trump’s announcement of escalating tariffs on European allies (linked to the Greenland dispute) triggered a sell off.
The Reaction: Algos sold first. Humans panic-sold second. This geopolitical news is what printed that large red candle.
The Reality: While the news are bearish, notice how the price bounced at $87k? That shows the market sees this as a political negotiation, not a structural failure of Bitcoin.
3. On-Chain Data
We can see this move on-chain.
The Flush: In the last 24 hours, over $600 Million in Longs were liquidated.
What This Means: The market just kicked off all the over-leveraged gamblers who bought the top. The "open interest" has reset.
Spot Demand: While derivatives traders were getting wrecked, Spot CVD (Cumulative Volume Delta) showed aggressive buying at the $87k lows (spike in delta volume and absorbed by next one candle ). Smart money used the Tariff panic to fill their bags.
