$BTC — $89,641 (-2.64% 24h)
Bitcoin is cooling off after a strong week — but derivatives positioning remains aggressively bullish.
📉 Market Snapshot
1h: -0.09%
24h: -2.64%
7d: -1.23%
14d: +6.48%
30d: -13.06%
200d: +6.48%
Short-term pullback; higher-timeframe structure intact.
📊 Momentum Check
RSI ~42 → below neutral (bearish tilt but not oversold)
MACD < 0 → bearish pressure still active
Volatility easing off → digestion phase
Momentum is cooling, not collapsing.
📈 Structure & Key Levels
Support
$88.5k — first reaction support
$86k — deeper liquidity zone
$83–84k — stronger demand pocket
Resistance
$91k — short-term reclaim
$94k — momentum unlock
$97–100k — breakout acceleration
Market needs to stabilize above $91k to reset bullish momentum.
📉 Volatility & Flow
Post-rally compression — natural digestion
No blow-off top signals
Volume not capitulation-level — controlled selling
This looks corrective, not a trend reversal.
🪙 Derivatives
This is where the signal diverges from spot:
Long/Short ratios 1.5–2.5x bullish
Options skew strongly bullish into year-end
No liquidation cascade — market is not overleveraged
Derivatives positioning shows confidence, not panic.
🧩 Edgen Outlook
BTC is in a short-term pullback inside a higher-timeframe trend.
Spot looks cautious; derivatives look confident.
The market is digesting gains, not exiting.
🎯 Scenarios
Bullish
Reclaim $91k → push to $94k–97k
Neutral
Range $86–91k as momentum resets
Bearish
Break $86k → sweep $83–84k
#BTC #trade #FutureTarding #Spot