BTCUSDT Analysis by @cryptomoeng

The analysis focuses on Bitcoin, highlighting that the 0.618 Fibonacci retracement level around $88,300 has acted as resistance. However, a bullish ascending triangle formation suggests a potential breakout. A key level to watch for confirmation is the 0.618 Fibonacci retracement level. The analysis mentions the importance of monitoring traditional markets, specifically the S&P 500, as a bullish movement could influence Bitcoin positively. A bearish start in traditional markets, however, could lead to a potential long squeeze. Open interest has reached three-week highs. A 4H candle close above the $88,300 level should be confirmed before expecting Bitcoin to reach the $90,000.