$BTC Plunges Below Key Support - Bearish Momentum Builds

Current price: $87,489.42

Sharp decline:Down 2.83% in latest move.

The breakdown is critical. Price has sliced through the 7-day EMA at $87,661 and the 25-day EMA at $87,708. It now battles just above the 24-hour low of $87,051. The 99-day EMA at $88,157 looms overhead as formidable resistance.

Trading data screams selling pressure. 24-hour volume hits 1.09 billion USDT. The high of $90,454 now feels distant. The daily chart shows consistent losses: down 1.85% today, extending a brutal 21.72% drop over the last 90 days.

All short-term moving averages have turned down. The path of least resistance is lower. A close below $87,051 could trigger a cascading sell-off. Watch that level. The trend is bearish.#PerpDEXRace #WriteToEarnUpgrade #USJobsData #CPIWatch #USCryptoStakingTaxReview