Bitcoin Pullback Setup Toward 89,400 Support

[madtrader]

Bitcoin is currently trading below a key resistance zone, showing signs of rejection after a strong upward move. The chart highlights a previous Fair Value Gap (FVG) that fueled bullish momentum, but price is now forming a potential lower high. The projected move suggests a bearish correction toward the 89,400 support level, where liquidity may be targeted before any possible reversal. Overall, market structure indicates a short-term pullback within a broader range between major support and resistance

[Rimon Khan]

BTC cooling off toward support—textbook pullback setup.

[Nahid Hossen]

89.4k looks like the key zone where buyers may reload.