> At a Glance
> – Bitcoin has slipped back toward $90K after hitting $95K resistance
> – Daily RSI cools to 50 and 4-h RSI drops below 50, showing momentum loss
> – Coinbase Premium stays negative, signaling U.S. selling pressure
> – Why it matters: A break of $90K could trigger a fall to $88K, while a hold may reignite the push toward $95K
Bitcoin is testing a critical support zone near $90,000 after last week’s breakout from a multi-month descending channel stalled at $95,000. With Middle-East tensions rising and ETF headlines swirling, the largest crypto is trading inside a 4-hour rising wedge that may soon pick a direction.
Daily Chart: Channel Break Faces First Real Pullback
The daily timeframe shows BTC clearing the descending channel that capped prices for months, with buyers stepping in near the $80K support. The move topped at $95K, producing a sharp rejection and red daily candles.
The upper edge of the broken channel-now potential support-sits just below current levels, while the 100- and 200-day moving averages hover above $95K as dynamic resistance. RSI has pulled back from overbought territory to the neutral 50 mark, leaving room for another up-leg if bulls re-engage.
4-Hour Wedge: $90K Is the Line in the Sand
Zooming in, BTC carved a rising wedge and failed at pattern resistance near $95K. Price has since drifted toward wedge support around $90K, leaving traders focused on one pivotal level.
- Hold $90K → fresh attempt on $95K
- Lose $90K → next target near $88K (lower wedge boundary)
Momentum signals align with the cautious tone: 4-hour RSI has dived under 50, reflecting a clear loss of short-term strength.
Market Sentiment: U.S. Sellers Dominate, Yet No Panic
Coinbase Premium Index remains negative, indicating heavier selling pressure from U.S. investors and a lack of aggressive spot buying. Derivatives markets are calm, however, with position-holding largely intact despite the pullback.
A swift sentiment shift could follow:
- ETF-related headlines turning positive
- Escalation in geopolitical instability
- A successful defense of $90K
Key Takeaways
- $90K support is the immediate focus; a daily close beneath exposes $88K
- Daily RSI at 50 and 4-h RSI below 50 show momentum needs to rebuild
- Negative Coinbase Premium highlights ongoing U.S. selling
- Broader derivatives stability suggests traders are still positioned for potential upside
Whether Bitcoin flips the broken channel into support-or succumbs to profit-taking-will likely set the tone for the next leg.
