BTC/USD: Bitcoin Stalls Near 90,000 as Safe-Haven Demand Caps Bitcoin / U.S. dollarBITSTAMP:BTCUSDJohn_IsigeSymbol: BTCUSD Timeframe: Intraday / H4 Trend: Medium-term bearish Structure: Descending channel, range-bound consolidation ⸻ Market Overview BTC/USD rebounded toward 90,000, but the move lacks strong conviction. Despite talk of geopolitical de-escalation, broader sentiment remains negative as capital continues to flow into gold and silver, which are setting new all-time highs. Persistent ETF outflows and an extended stay of the Fear & Greed Index in “extreme fear” keep upside attempts fragile. The market remains cautious, and any recovery currently looks corrective rather than trend-changing. ⸻ Technical Picture •Price capped below Murray and BB midline •Trading inside a medium-term downtrend •No confirmed breakout from the recent consolidation Indicators •Bollinger Bands: turning down •MACD: below zero •Stochastic: attempting to turn higher (corrective signal only) Bias: Bearish / range-to-downside ⸻ Key Levels Resistance •93,750.00 •100,000.00 •106,250.00 Support •84,365.00 •75,000.00 •68,750.00 ⸻ Trading Scenarios Primary scenario — bearish continuation •SELL STOP: 84,300.00 •Targets: 75,000.00 → 68,750.00 •Stop-loss: 90,600.00 •Horizon: 5–7 days Alternative scenario — bullish breakout •BUY STOP: 93,800.00 •Targets: 100,000.00 → 106,250.00 •Stop-loss: 88,600.00 ⸻ Conclusion As long as BTC/USD trades below 93,750, upside remains limited and corrective. A confirmed breakdown below 84,365 would likely accelerate losses toward 75,000 and 68,750. Only a clean breakout above 93,750 would invalidate the bearish setup and reopen the path toward six-figure levels.