MARKET UPDATE: $BTC

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Bitcoin rejected from the supply zone around $93.5k, leading to a corrective move back toward the Fibonacci levels. Price is currently hovering near the 0.5 fib retracement, showing early signs of stabilization after a sharp drop.

As long as BTC holds above the 0.618 fib and the ascending trendline support, the structure remains bullish. A clean move above $90.5k would signal momentum returning toward the supply zone.

However, losing the 0.618 fib (~$88.8k) and especially the trendline would shift the structure bearish, opening the door toward deeper levels such as 0.786, 1.0, and extended fib targets.

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