$BTC
### **Current Market Status**
* **Price Action:** Bitcoin is currently in a clear **downtrend**, trading at **87,850.00**. It has recently dropped significantly from a peak of roughly 126,199.
* **Moving Averages:** The price is trading well below the **MA(7)**, **MA(25)**, and **MA(99)**. The MA(7) (yellow line) is sloping downward sharply, acting as dynamic resistance.
* **Support & Resistance:** * **Immediate Support:** The recent low of **80,600** is the critical level to watch.
* **Immediate Resistance:** Around **89,431** (the MA 7-day line).
### **The Likely Next Move**
1. **Short-term Consolidation:** Because the price is hovering near the recent bottom, we may see a "sideways" move between **84,000 and 89,000** as the market decides its next direction.
2. **Bearish Continuation:** If the price fails to break above the yellow MA(7) line (approx. 89,430), the next move will likely be a retest of the **80,600 support level**.
3. **Bullish Reversal:** A move is only considered "bullish" if the price can close a 3D candle above **90,000** with high volume, which would signal a relief rally toward the 99,000 zone.
> **Summary:** The trend is currently **Down**. Expect further downward pressure or sideways movement unless it breaks above 90,000.
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