🚩 BTC Under Attack: Extreme Fear, Heavy Selling, Critical Levels Ahead
Bitcoin’s drop to $87K has revived the “ $BTC price down” narrative, but the move looks more like a controlled technical correction than a market breakdown.
📈Key signals:
• Price: ~$87,100 — below all major EMAs (20/50/200), confirming a strong bearish trend.
• RSI ~35: Weak momentum but far from true capitulation.
• MACD: Still negative, though the histogram is contracting → seller pressure is fading.
• Volatility: Elevated yet stable — no crash dynamics.
• Dominance 57%: Capital rotates back into BTC, not into alts.
• Fear & Greed: 23 (Extreme Fear): Market is already defensive, limiting forced selling.
📈Levels to watch:
• Support: $86,300 → $82,800
• Resistance: $87,750 → $90,300
A breakdown below $86,300 signals another leg lower. A reclaim above $87,750 opens room for a relief bounce toward the 20-day EMA.
WhiteBIT Chart - $BTC price - $87,396
