Bitcoin Market Update: Critical Support Test at $87,000

Bitcoin is currently under significant pressure, retracing to the critical support band between $86,500 and $87,500. The market structure indicates high volatility, with price action characterized by repeated rejections at resistance and strong selling pressure during recovery attempts.

The $87,000 level is currently the defining line for the short-term trend. Maintaining this support is essential for stabilization; a breakdown here likely signals further downside extension.

Given the unstable volume and prevalence of "fakeout" patterns, traders are advised to exercise extreme caution. Avoiding premature entries is crucial to risk management in this environment. I am closely observing technical indicators for a high-probability reversal pattern and will issue an update once a verified setup emerges. $BTC