$BTC /USDT Update ๐
BTC faced a strong rejection near 90.5K and has been in a steady pullback since then. Price is currently hovering around 86.9K, right above the recent intraday low near 86.6K.
On the 1H chart, structure remains bearish:
Lower highs and lower lows intact Volume has cooled off after the sell-off
Price is trading below short-term moving averages, showing weak momentum
This zone (86.5Kโ87K) is an important decision area.
If support holds: We may see a short-term relief bounce toward 88Kโ89K
If it breaks: Further downside toward 85K canโt be ruled out
Market is currently in wait-and-see mode โ patience is key here.
Trade safe and manage risk โ ๏ธ
