$BTC shows weak momentum after a strong rejection from the 93,500 – 94,500 resistance zone a key confluence area with the 100MA and previous rejections.
Key highlights:
Price broke down from the short-term range and is now retesting the 50MA.
Strong support sits at the ascending trendline (blue), around 88,500 – 89,000.
The 200MA is still sloping downward, meaning the mid term trend hasn’t flipped bullish yet.
Scenarios:
Bullish: If $BTC holds the ascending trendline → a bounce toward 92,000 – 93,000 is likely.
Bearish: Losing the trendline → price may revisit 87,000 – 88,000.
BTC is entering a sensitive zone, and price reaction at the trendline will determine its next move.
