#Bitcoin (BTC) Market Update 📊
Bitcoin has faced a sharp pullback, dropping from the $91,600 area to a low near $89,640. Currently, $BTC is trading around $90,200, showing a small bounce after the recent sell-off.
🔍 Technical Overview:
RSI (6): ~40 → Indicates oversold conditions and a possible short-term relief bounce
Key Support: $89,500 – $89,600 (strong demand zone)
Immediate Resistance: $90,800 – $91,000
Market structure remains short-term bearish, but selling pressure is easing
📈 Market Outlook: If Bitcoin holds above the $89.5K support, a recovery toward $90.8K – $91K is possible.
A confirmed break above $91K could bring bullish momentum back.
However, losing the $89.5K level may open the door for further downside.
⚠️ Risk Management: Volatility is high — trade with caution, use stop-losses, and manage leverage wisely.
#Bitcoin #BTC #Cryptoupdate #MarketUpdate
