$BTC recently faced a strong rejection near the 126K level, shifting the market into a short-term bearish phase. The price has dropped below key moving averages, indicating that sellers currently have control over momentum. The 200 MA around the 87K zone, which previously acted as support, has now flipped into resistance and is a critical level to reclaim for bullish continuation. Despite the decline, buyers showed interest near the 65K area, triggering a small bounce that suggests demand still exists at lower levels. This recovery could push price toward the 76K–87K range, but the overall structure still shows lower highs, meaning a confirmed trend reversal has not happened yet. If Bitcoin manages to break and hold above 87K, it could attempt a move toward the 109K region again. On the downside, losing the 65K support would increase the risk of a deeper correction toward the 50K zone. Current price action on Binance charts reflects a typical pullback phase within a larger trend, where caution is more appropriate than aggressive entries.

BTC

75,500

-0.78%

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