Bitcoin at $91K: Bearish Consensus or a Trap for Sellers?

$BTC

Daily Scenario: Compression Before the Explosion

On the daily timeframe, Bitcoin shows a classic downward movement pattern with a sequence of lower highs and lower lows. After a pullback from the peak around $94,652, the price consolidates in the $87,000–$88,000 range. The key indicator here is the decreasing trading volume, which often precedes a significant market move.

It is now important to monitor whether the asset can break above the $90,000 level with increased activity. A renewed buying pressure at this level will be the first signal of a potential retest of the resistance zone at $91,000–$92,000. Currently, the bearish scenario dominates in the short term, but volumes are insufficient for confirmation.

Four-Hour Timeframe: Seller Pressure

On the 4-hour chart, the situation appears more tense. The pullback from the $90,536 level was accompanied by active decline with increasing red candles, indicating buyer disappointment. Support at $86,363 continues to hold, but consolidation near the lower boundary suggests bearish dominance.

Volume asymmetry shows that rallies occur with low activity, while declines attract significantly more traders. This is a classic sign of bearish pressure disguised as sideways movement.

Hourly Timeframe: Zone of Uncertainty

On the hourly chart, there was a sharp drop from $89,400 to $86,500, after which the price entered a narrow range between $87,000 and $87,500. Volume is significantly reduced, indicating market participants’ indecision.

This scenario could develop in two ways: either as a accumulation zone before a breakout above $88,000, or as a bearish flag ready to break down if the $86,000 level is breached downward.

Bulls’ Arguments: Window of Opportunity

If Bitcoin manages to break above $88,500 with increased trading volume, the current 24-hour volume of $648M, a retest of the $90,000–$91,000 range seems quite realistic. The momentum index and MACD show green signals, although other oscillators remain neutral.

To restore a bullish trend, it is less about forceful pressure and more about regaining confidence and volume.

Bears’ Position: Significant Risks

Weak support above $86,000 creates potential confirmation of a bearish flag identified on the hourly timeframe, with target levels in the $83,500–$84,000 range. The positioning of moving averages above the price, combined with sellers’ preference for (higher volume on declines), indicates the continuation of bearish scenarios.

Although bears have not yet launched an active offensive, the trend is clearly moving in their favor.