MackDaud

Guys, $BTC BTC rejected sharply from the $98K zone and is now trading near $90K after bouncing from $87K. This move has left the market divided — was this just a healthy reset, or is another drop coming first? Let’s break it down in a clean, simple way.
Market Structure & price Action
The rejection at $98K wasn’t random. That level acted as a classic bull trap, catching late longs who expected an instant push to $100K. Once price lost $90K, that former support flipped into resistance. As long as BTC stays below this zone on higher timeframes, bears control the short-term trend. A strong 4H close back above $90K is required to shift momentum.
Why Did Bitcoin Dump?
This sell-off wasn’t driven by technicals alone. Rising geopolitical tension and new tariff headlines triggered uncertainty across risk markets. Algorithms reacted instantly, followed by emotional selling from retail traders. Despite the negative news, the bounce from $87K shows the market views this as short-term political noise, not a fundamental breakdown.
On-Chain Reality Check
This move flushed excess leverage. Over $600M in long positions were wiped out in a single day, resetting open interest and removing weak hands. While leveraged traders were forced out, spot buyers stepped in aggressively around $87K. Smart money used fear as an entry opportunity.
What Comes Next?
There are two clear paths forward:
Bullish Scenario
A confirmed reclaim and 4H close above $90K would signal strength. If support flips back in favor of buyers, price could move quickly toward $94K due to low resistance above.
Bearish Scenario
Repeated rejection at $90K would likely send $BTC back to retest the $87K demand zone. That area remains critical for maintaining the broader structure.
Final Thought
Leverage has been cleaned out. Fear-driven news is already priced in. Now the market waits for confirmation. Don’t chase — let price show direction. Patience here will outperform prediction.
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