$BTC Tests Critical Support After 30% Correction
Bitcoin has pulled back nearly 30% from its $126K ATH, currently consolidating around $86,800. The move reflects broader market stress, intensified by over $580M in leveraged liquidations and consecutive days of spot ETF outflows.
Key technicals point to a crucial test.
The $85K - $86K zone is the immediate support to watch:
A firm hold here could fuel a relief bounce.
A decisive break opens the path toward $80K.
With the daily RSI weak near 40 and macro uncertainty (BoJ policy, yen carry trades) weighing on sentiment, caution is advised. The next clear signal of strength would be a reclaim of $90K.
Stay patient. Manage risk.
