94K was a mirage? If You’re Trading Bitcoin Right Now, You’re Mostly Trading Whipsaws

In my last post, I wondered whether Bitcoin would break its resistance at 94k. It won't.

Bitcoin is now trading within a well-defined consolidation band near 90.7k.

Short-term momentum is constructive, but the multi-month downtrend remains intact. The immediate battle is between a tight support cluster around 90.31–90.44 and a resistance cluster spanning roughly 91.35–92.50.

ADX suggests moves beyond those clusters can extend until one of those daily-close thresholds is breached with confirming volume, expect range dynamics and the potential for whipsaws around the daily pivot.

https://abovethecharts.substack.com/p/bitcoin-technical-snapshot-range