Current Situation (from image)
$BTC /USDT price is around $87,500.
There was a sharp upward spike to ~90,400.
Followed by a strong drop and then some sideways movement.
The candles show recent selling pressure after the spike.
Bids and asks are roughly balanced (~52% bids, ~48% asks), meaning the market isn’t one-sided.
📌 What This Might Mean
🟥 Short-Term Bearish Signals
After the spike, the red candles indicate sellers stepped in strongly.
Price broke down from the recent high and pulled back.
If support around ~86,800–87,000 breaks, more downside is possible.
🟩 Possible Bullish Signs
Price did not crash to previous lows — it rebounded after the drop.
If it stabilizes above short-term support and starts forming green candles with volume, buyers may return.
Price is still above some recent lows.
❓ Buy or Sell?
Here’s a neutral breakdown:
✅ Bullish (Buy) scenario
Price breaks above the recent high (~90,400).
Volume increases with green candles.
Support holds at ~87,000.
❌ Bearish (Sell) scenario
Price continues making lower highs and lower lows.
Support breaks decisively below ~86,800.
Red volume picks up and bid pressure shrinks.
💡 Neutral / Wait
Right now it looks like consolidation after a big move.
No clear trend confirmed yet.
Often the best move is to wait for confirmation before entering.
🧠 Strategy Ideas (Not Advice)
If you’re bullish:
Wait for a breakout above recent resistance with strong volume.
Use stop losses below recent swing low to manage risk.
If you’re bearish:
Consider shorting if price breaks support with momentum.
Use stop losses above recent swing highs.
If you’re unsure:
Stay on the sidelines until there’s a confirmed trend.
Small range trading between support/resistance can work, but risk is still high.
📉 Technical Indicators to Watch Next
Support Level: ~86,500 – 87,000
Resistance Level: ~89,800 – 90,400
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