🔥 Bitcoin Market Analysis Today – Retracement After Sharp Drop BTC$

📉 What happened?

The price of Bitcoin experienced a rapid drop reaching 87,719$ during one strong candle, followed by a rocket-like rebound that brought the price back above approximately 89,200$ .

This scenario clearly shows that there is strong buying from whales after a liquidation of reckless leveraged traders.

📊 What do the indicators say on the chart?

✔ 1. Averages MA7 / MA25 / MA99

The price returned above MA7, which means the beginning of a short retracement attempt.

MA25 is still above the price… and this indicates that the overall trend is still weak.

MA99 is very far above, indicating that the market is still in a medium-term correction phase.

✔ 2. Trading Volume VOL

The appearance of a very large volume candle after the direct drop indicates:

New buying liquidity entering.

Liquidation of many sell orders followed by a rise.

This is usually a signal for a temporary retracement and not a complete trend change.

✔ 3. Current Price Action

The price is at 89,284$ and is reducing its losses, but has not broken through its last peak at 90,289$.

For the scene to turn into a clear upward trend, the price needs to: 🟩 Break through 90,300$

🟥 And not break 88,000$ again.