$BTC

🚨 BTC at a Critical Juncture: Should You Top Up Your Long Position? 🚨

Bitcoin's price action looks fragile as we enter the year's final days. With BTC hovering near the $92,000 - $87,000 support zone, traders are closely watching whether this key area will hold — or if a break below $90,000 will open the floodgates for further downside.

The Setup: What's Happening Now?

  • BTC is trading at $93,070, testing major support.

  • Failing to hold $92,000-$87,000 could invalidate bullish setups and signal a bearish reversal.

  • The market is thin due to the holiday season, increasing the risk of snap volatility and liquidity sweeps.



Key Factors to Watch

1. Critical Support Zone:

  • The $92,000 - $87,000 range is where buyers have historically stepped in to push BTC higher.

  • A break below $90,000 would be a bad sign for BTC and may lead to downside targets of nearly $80,000.



2. Indicators:
Momentum Reversal Indicator (MRI): No strong bullish reversal signal yet. Look for a Green Setup progression or daily price flip confirmation.

RSI: If RSI approaches oversold levels (~30), it could signal an opportunity to DCA or add to your long position.

3. Macro Risks:

  • Upcoming unemployment data may inject volatility into an already illiquid market.

  • The broader risk-asset sentiment remains cautious, with global liquidity conditions weighing on bulls.



Trading Decision: Should You Add to Longs?

Yes, IF:

  • BTC successfully tests and rebounds from $92,000 - $87,000.

  • Look for supporting signals like a Green Setup progression or bullish divergence on RSI.



No, IF:

  • BTC breaks below $90,000 on high volume.

  • This would invalidate the current support zone, signaling more downside potential.



Risk Management Tips

  • Stop-Loss: Place it just below $87,000 to minimize risk.

  • Take-Profit: Target $95,000 - $100,000, but scale-out gradually if resistance strengthens.

  • Leverage: Use 2x leverage cautiously, ensuring proper risk control.



Closing Thoughts
BTC is at a make-or-break moment. The $92,000 - $87,000 support zone could be a solid entry point for long positions if it holds — but a breakdown would bring downside targets like $80,000 into play.

What's your take on BTC's price action this week? Are you adding to your long position or waiting for confirmation? Let's discuss this in the comments below! 👇