2026-01-03 00:35:36

BTC has finally tested the 91k resistance level on CME after a full month of consolidation, only to face rejection once more. The range highs got swept through, but there's nothing on the macro picture that signals a bullish continuation at this point.

Given the setup, I've increased my short positions significantly. The realistic downside target sits in the 83.5k–84k zone, though frankly I wouldn't be shocked if even that level gets cracked on the way down. The bias remains firmly bearish.

One key invalidation rule: if BTC manages to reclaim and hold above a certain threshold convincingly, the entire thesis flips. Until then though, lower lows feel more probable than another push toward all-time territory.

BTC1.73%

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nft_widow

· 4h ago

91k has been hit again, still need to keep watching.

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PessimisticLayer

· 4h ago

Been pushed back again, couldn't hold the 91k. There's some logic to the bearish outlook this time; the macro environment indeed shows no positive signals.

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rekt_but_vibing