Overview
- Bitcoin traded around $89,200 to $91,300 after an intraday drop that extended recent losses.
- Roughly $167 million in positions were liquidated during the move, including about $146 million in longs and $21 million in shorts.
- Chart signals remained negative, with lower highs and lows, an RSI near 41, and a firmly negative MACD.
- Trader Crypto Tony targeted $87,800 for a near-term move and said longs look safer only if $91,800 turns into support.
- Darkfost highlighted ~$96,956–$97,000 as the key level for restoring confidence, while weekly charts place resistance near the 50-week MA (~$95K–$97K) and support near the 100-week MA ($84K–$86K), and separate analysis warned a deeper slide could reach the $78,000 area.