Bitcoin is currently testing a key demand zone between $90,590 โ $89,300 an area that could define the next intraday move.
Notably, price is forming a Regular Bullish Divergence between two consecutive lows โ a classic signal that selling momentum may be weakening and a short-term rebound is possible.
If this support holds, Iโm anticipating a relief bounce, likely acting as a pullback toward previously broken support levels.
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๐ $BTC Short-Term Outlook | 1H
Bitcoin is currently testing a key demand zone between $90,590 โ $89,300 an area that could define the next intraday move.
Notably, price is forming a Regular Bullish Divergence between two consecutive lows โ a classic signal that selling momentum may be weakening and a short-term rebound is possible.
If this support holds, Iโm anticipating a relief bounce, likely acting as a pullback toward previously broken support levels.
๐ฏ Targets
TP1: $91,597
TP2: $92.0K โ $92.6K (High short liquidation cluster)
๐ Stop Loss (tight): $89,117
๐งฒ CME Gaps to Watch
Upper gap: $92K โ $93K
Lower gap: $88.1K โ $88.7K
โ ๏ธ Major Short Liquidation Zone
$93,325 โ $94,389
This is purely a technical idea, not financial advice. Risk management is key โ always use a stop loss.
๐ฌ Open to discussion โ feel free to agree or disagree respectfully.
๐ฅ If this breakdown adds value, give it a BOOST and share it with your trading circle.
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