Bitcoin shows strong selling pressure on the one hour chart
Price drops to the 89102 support zone after rejection near 90634
Short term trend turns bearish as MA7 crosses below MA25
Price stays below key moving averages signaling weakness
High volume on red candles confirms panic selling
89000 acts as an important psychological support level
Failure to hold this zone may open downside toward 88000
Any bounce faces resistance near 90000 and 90400
Momentum currently favors sellers
Market sentiment looks cautious and risk focused
Patience and confirmation are critical before next move.
BTC
88,231.78
-2.44%