BTC breaks through 92,000 but still dips back to 89,300? The last stand of the bulls and bears.

Bitcoin’s current price hovers around 91.77K, with a +1.44% increase, and the market is standing at a delicate crossroads. News reports suggest the possibility of the Federal Reserve further cutting interest rates, marginally improving liquidity conditions. But is this the starting gun for a move toward 94,600, or just a fleeting rebound trap?

Technical Analysis: The Weakening Bullish Momentum Needs to Prove Itself

From the 4-hour chart, BTC is currently stuck at the critical level of 90,500. Every inch of price movement tests the patience of both bulls and bears.

Upward Resistance Zones are clearly visible—92,000 and 94,600 are layered resistances. The MACD lines remain above the zero line, indicating that the bullish trend has not yet extinguished, but this is already the last gasp of a dying bull. The upward momentum is gradually weakening; unless new buying pressure emerges, it will be difficult to sustain the rally.

Support Levels are equally crucial—89,300 is the first line of defense, with 88,500 serving as the recent bottom support. These two levels act like a “lifeline” for the bulls. If the price falls below 88,500, the short-term outlook must shift to a defensive stance.

Market News: Liquidity Expectations Support the Bullish Outlook

While Federal Reserve officials’ dovish statements are unlikely to immediately trigger aggressive rate cuts, signals like “inflation cooling may lead to further rate cuts” are enough to inject a mild bullish sentiment into the market. Such news typically fosters a slow bull market rather than a frantic surge. In other words, the monetary environment is marginally improving, but the pace of improvement is gradual rather than aggressive.

Retail Trader Strategy: Find Your Own Rhythm

Bullish Approach: Avoid chasing gains above 91,000. Be patient and wait for the price to retrace to the 89,500–88,500 zone, especially when signs of stabilization appear near 88,500, before considering entering. Set stop-loss at 88,000. This approach aims to secure a better cost basis in a waning bullish trend.

Bearish Play: To capitalize on a correction, focus on the 92,000–93,000 area. When upward momentum weakens and signs of stagnation appear, consider light long positions with stops above 93,500. For medium- to long-term short positions, patience is key—wait for high-probability entries around 94,000–94,600.

Position Management: Investors with existing positions should defend the levels of 89,300 and 88,500. As long as these levels hold, the bullish case remains intact. Falling below 88,500, however, signals a shift from offense to defense. The overall strategy should be “short on the highs, long on the lows,” and avoid chasing when key levels are not broken.

Market Rhythm: Confirmation Over Chasing

The probability of a direct breakout above 94,600 is low. A more realistic scenario is: first, testing the 92,000–93,000 zone on the back of positive news, likely encountering resistance, then pulling back to test the support at 89,300 and even 88,500. Only after confirming strong support will subsequent upward moves be healthier and more powerful.

This pattern exemplifies a typical oscillating rally—rising sharply to create swing opportunities, not as a signal to chase. Markets often quietly start when everyone hesitates and abruptly stop when everyone is euphoric. Currently, the market is hovering at the critical point between “hesitation” and “mania.”

Finding your own entry discipline, exit timing, and stop-loss levels is more important than blindly following news-driven fluctuations.