On the daily chart, Bitcoin is showing a clear bearish structure. Price faced strong rejection from higher levels and formed lower highs and lower lows, confirming ongoing downside pressure.
Currently, BTC is trading around the $88,000–$90,000 zone, which is acting as a key demand/support area. A minor bounce is visible from this region, but the recovery appears weak, as buying volume remains limited and price is still trading below major resistance levels.
Key Levels to Watch:
Immediate Support: $85,000 – $84,000
A breakdown below this zone could open the door for a further move toward $80,000.
Immediate Resistance: $92,000 – $95,000
A strong daily close above this area may trigger a short-term relief rally.
Market Sentiment:
Overall trend remains bearish to corrective
Buyers are stepping in cautiously, but strong confirmation is still missing
Upside remains limited unless BTC reclaims and holds above $95,000
Waiting for clear trend reversal confirmation is advisable before aggressive long positions
⚠️ Always use proper risk management as market volatility remains high.