$BTC is trying to form a higher low right now.

In yesterday’s breakdown, I mentioned that losing the ~$91,200 support would open the door for shorts toward the ~$87,600 zone. If you played that move, the setup worked cleanly.

Bitcoin bounced just above the ~$87,600 support box, but I’m not in a rush to long this first reaction.

Ideally, I’d want to see a sweep of the ~$88,000 low and a proper reversal inside the support box. That’s where I’d look for a confirmed long.

If ~$87,600 doesn’t hold, the next major support sits around ~$85,200 — the start of the previous impulse. Only interested in strong, convincing reversal signals there; otherwise it’s a weak sign if the swing fully retraces.

The lost ~$91,200 support is now a resistance level. On a retest, I’ll be watching for shorts on failure or longs only after a clean reclaim.

Given it’s the weekend, expect some slow, choppy range activity and fewer high-quality setups.

#MarketUpdate