$BTC
/ USDT — Sliding Into Support With Weak Buyer Reaction
Price: $89,136.77
24h Move: –0.45%
Intraday Range: High $90,289.97 — Low $88,908.01
Reason:
BTC continues to fade after rejecting the $89,800–$90,200 zone, with the 7MA and 25MA both angling downward — confirming ongoing short-term selling pressure. Volume is moderate, but buyers aren’t stepping in with conviction. Price tapped $89,050 and bounced weakly, suggesting hesitation rather than strength.
Key Levels:
Support: $89,050 • $88,900
Resistance: $89,340 • $89,800
Trend:
Short-term bearish, with lower highs and moving averages confirming downside momentum.
Trade Idea:
If BTC reclaims $89,340, a corrective bounce toward $89,700 – $89,800 is possible.
If price breaks b$elow $89,050, expect a deeper slide toward the $88,900 liquidity zone.
A clean breakdown structure — bulls must reclaim levels fast or the drift lower continues.
#BTC #BinanceBlockchainWeek #BTCVSGOLD #USBitcoinReservesSurge
