Bitcoin faced significant liquidations and downside pressure, dragging the price down from prior cycle highs.‱ Macro forces (e.g., U.S. monetary policy expectations) are weighing on BTC and broader risk assets.📈 Key Price LevelsResistance Zones$89,000 – $90,500: Major range top where repeated rejections have occurred on lower timeframes; a breakout here would be structurally bullish.$92,000 – $94,000: Longer-term barrier if BTC regains momentum.Support Zones$85,000 – $86,500: Short-term floor defending recent breakdowns.$78,000 – $79,000: Near current trading range (psychological and range-bound support).$74,000 – $75,000: A deeper structural support target if the current range breaks.🕯 Price Action InsightRange trading: BTC appears to be consolidating sideways between roughly $85K and $90K, with frequent wick tests of both zones — classic range behavior rather than a strong directional trend.Bearish structure features: Lower highs and occasional momentum fades on rebounds; recent break below key short-term supports.Both buying and selling have shown exhaustion near extremes of the range.🔍 Bias & Scenarios✅ Bullish Scenario (Alternative)Trigger: Clean 4H/1D close above ~$90,500 with volume confirmation.Target: Initial move to $92K-$94K, then potentially higher if range breaks.Signals to watch: Rising RSI above 50 and MACD turning positive on multiple timeframes.❌ Bearish Scenario (Higher Probability)Trigger: Breakdown under ~$85,000 (or failure to reclaim it).Targets: $78K initial zone, then $74K-$75K, with bigger risk down toward earlier corrective lows if sellers dominate.Macro confirmation: Weakness in risk assets and tightening liquidity are supportive of downside continuation.$BTC