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

🚨 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! 👇