$BTC ๐ BTC/USDT โ What Iโm Seeing Live on the Chart
Looking at BTC around $87,200 after a sharp dip to $86,600 and a quick bounce. That bounce was strong, but price is now slowing again, which tells me the market is still deciding.
What stands out to me:
โข Price is still below EMA(25) and EMA(99) โ higher-timeframe pressure remains
โข The bounce from $86,600 formed a clear higher low, showing buyers are active
โข EMA(7) was reclaimed briefly but price failed to hold above it
โข Volume spiked on the dump, then faded on the bounce โ classic relief move
โข RSI around 46 shows neutral momentum, no extreme strength yet
How Iโm reading this:
This doesnโt look like panic anymore, but itโs also not a strong trend continuation. BTC is consolidating after a sharp move, and that usually leads to expansion later.
Key levels Iโm watching closely:
โข Support: $86,600 (very important level)
โข Mid support: $87,000
โข Resistance: $87,800 โ $88,000
โข Bigger resistance: $90,000 (recent rejection zone)
My honest view:
Iโm not chasing trades here. If BTC holds above $86,600 and starts reclaiming EMA(25), upside continuation becomes more likely. If that support breaks, we could see another leg down before any real trend resumes.
Right now, BTC is in โwait modeโ โ structure first, direction later.
Whatโs your bias here: range trading or waiting for the next breakout? ๐
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