High options volume and concentrated open interest around key strike prices 
are keeping Bitcoin rangebound as traders favor hedged positions over 
leverage.

Crypto options activity is keeping Bitcoin stuck near $90K, says Deribit

Bitcoin price started a recovery wave above $89,500 but failed above $90,000. 
BTC is declining and might dip further if it breaks $88,000. Bitcoin failed to 
remain above $90,000 and started another decline. The price is trading above 
$88,200 and the 100 hourly simple moving average. There is a rising channel 
forming with support at $88,100 on the hourly chart of the BTC/USD pair (data 
feed from Kraken). The pair might dip further if it trades below the $88,000 
and $87,500 levels. Bitcoin Price Faces Rejection Bitcoin price remained 
stable above the $88,000 support. BTC formed a base and recently started a 
recovery wave above the $88,500 level. The price climbed above the $89,000 and 
$89,500 levels. There was a move above the 76.4% Fib retracement level of the 
downward move from the $91,098 swing high to the $86,007 low. The bulls even 
pushed the price above $90,000 but they failed to keep the price in a positive 
zone. There was a fresh decline below $89,000. Bitcoin is now trading above 
$88,200 and the 100 hourly simple moving average. Besides, there is a rising 
channel forming with support at $88,100 on the hourly chart of the BTC/USD 
pair. If the price remains stable above $88,000, it could attempt a fresh 
increase. Immediate resistance is near the $89,150 level. The first key 
resistance is near the $89,800 level. A close above the $89,800 resistance 
might send the price further higher. In the stated case, the price could rise 
and test the $90,250 resistance. Any more gains might send the price toward 
the $91,200 level. The next barrier for the bulls could be $92,000 and 
$92,500. Another Rejection In BTC? If Bitcoin fails to rise above the $89,150 
resistance zone, it could start another decline. Immediate support is near the 
$88,200 level. The first major support is near the $88,000 level. The next 
support is now near the $87,200 zone. Any more losses might send the price 
toward the $87,000 support in the near term. The main support sits at $86,000, 
below which BTC might struggle to recover in the near term. Technical 
indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 
level. Major Support Levels – $88,200, followed by $87,000. Major Resistance 
Levels – $89,150 and $89,800.

Bitcoin Price Backs Off Resistance — Breakdown Or Brief Pause?

Bitcoin’s next major move hinges on central bank balance sheets, with Arthur 
Hayes arguing that liquidity expansion, currency stress and bond market 
distortions could mechanically lift crypto prices regardless of short-term 
sentiment. Arthur Hayes Links Bitcoin Upside to Central Bank Balance Sheet 
Growth Arthur Hayes, co-founder of crypto exchange Bitmex and chief investment 
officer at […]

Arthur Hayes Outlines Conditional Bitcoin Bull Case Tied to Fed Balance Sheet

Tesla&#8217;s potential chip factory could mitigate supply risks, ensuring sustained 
AI and autonomy advancements, while influencing global tech dynamics.
The post Musk says Tesla needs to build its own chip factory to avoid 
constraints and secure future AI growth appeared first on Crypto Briefing.

Musk says Tesla needs to build its own chip factory to avoid constraints and secure future AI growth

Sony has added a $13 million investment to its partnership with Startale, 
signaling a longer-term infrastructure strategy, a year after Soneium’s 
mainnet debut.

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