- Bitcoin faces strong resistance at $90K, reinforcing a bearish trend with lower highs and potential downside toward $70K–$74K.
- A break below $83K could accelerate selling pressure, as failed recovery attempts signal weak market strength and bearish dominance.
- Short traders control momentum, targeting liquidity near resistance before pushing Bitcoin toward lower support levels.
Crypto analyst Doctor Profit has reinforced his short positions around the $87K–$88K range. If the market revisits this zone, additional shorts will be placed, aiming for a decline to $74K–$70K. The price has already met two key targets at $83K and $78K, showing a strong bearish continuation.
Resistance at $90K and Bearish Momentum
A strong resistance zone has emerged at $90K, acting as a key level for sellers. Bitcoin’s recent attempts to reclaim higher levels have failed, reinforcing the downward structure. Lower highs and lower lows continue forming, signaling weak market strength. Besides, price action suggests that a break below $83K could accelerate selling pressure.
Additionally, candlestick formations display high volatility, with extended wicks reflecting strong market reactions. The shorting zones offer traders key entry points before a potential decline. Consequently, a retracement to these levels could provide liquidity for sellers looking to capitalize on further drops.
Next Target at $70K–$74K as Downtrend Persists
Bitcoin’s price trajectory suggests an eventual move toward the $74K–$70K range. The chart structure indicates continued bearish momentum, with failed recovery attempts leading to fresh lows. Moreover, the downward trend remains intact as every relief rally faces strong selling pressure.
If Bitcoin revisits $90K, it could experience intense resistance, triggering a downward push. Furthermore, a break below $83K may increase bearish momentum, accelerating the descent toward the next support zone. Besides, market conditions show sellers maintaining dominance, limiting any significant bullish advances.
Strategic Short Positioning and Market Sentiment
The strategic placement of short entries highlights a structured approach to capitalizing on the market downturn. Traders anticipate liquidity gathering near resistance before a potential continuation downward. Hence, the $90K region acts as a critical point where selling pressure intensifies.
Moreover, buyers may step in near the $70K–$74K zone, potentially shifting market dynamics. However, the broader trend remains bearish until Bitcoin reclaims higher levels with sustained buying pressure. Until then, short traders appear in control, steering Bitcoin toward lower support levels.
