BTC/USD — The Long-Term Structure Remains Intact, but 89,400 Is BitcoinCRYPTO:BTCUSDSQ9-VN Bitcoin continues to present a constructive long-term structure on the weekly chart. However, short-term price action is now approaching a critical technical barrier at $89,400. Using a combination of Fibonacci analysis and Gann-based technical methodology, I view $89,400 as an important level that BTC must overcome before the next phase of the advance can be considered technically convincing. My preference is clear: I want to see a decisive breakout and confirmation above $89,400. Until that happens, I would treat the current move with respect rather than assume that the next leg higher is guaranteed. There is also a macro factor that cannot be ignored. On September 16, the Federal Reserve raised its target federal funds range by 25 basis points to 3.75%–4.00%, while its projections left open the possibility of further tightening. That matters because Bitcoin does not trade in a vacuum. Technical structure may point higher, but macro liquidity and interest-rate expectations can still create sharp and unexpected corrections. For me, this is where experience matters: a good chart does not eliminate risk; it tells you where the risk is. I remain hopeful that $89,400 will be broken soon, opening the door for the larger bullish structure to continue. But until the market confirms it, traders should remain patient, control leverage, and protect capital. This is a sensitive point in Bitcoin's structure. Don't trade your conviction — trade the confirmation. Technical analysis is a framework, not a guarantee. The market always has the final word.