$BTC is currently trading near 88,300 after a quick rebound from the 86,900 zone. That drop was bought up fast, and sellers couldn’t push it lower.

Price action is slow, which suggests this isn’t distribution — it looks more like consolidation and absorption.

As long as BTC holds above 86,800, the market structure remains bullish and buyers are clearly defending this area, so there’s no need to panic.

If price stays above 88,000, the next major resistance is around 91,000, where we could see stronger selling pressure again.

But if BTC closes a daily candle below 86,800, this outlook becomes invalid and further downside becomes likely.