🔴 Quick Update on #BTC Current Situation

The market is signaling a short upward move before a potential correction.

Reasons:

A return to the 90–91k zone suggests the downtrend has paused temporarily.

Funding is negative, and most new positions are shorts.

Liquidity above the price is closer than the liquidity below.

My personal outlook:

A move up to hunt short positions (the crowded shorts on the right).

Target zone: $92,500 – $93,500

After that, there’s a possible drop back to $90k – $88k.

The $93,000 level is very sensitive and could be a point where the trend shifts downward.

Why?

Because the move toward $93,000 is mainly a liquidity grab, not a genuine bullish breakout