$BITCOIN coin saw a sharp sell-off from the 90,300 area, forming a long bearish impulse and printing a local low near 88,687. Price has reacted with a quick rebound to 89,534, but it is still trading below key moving averages (MA25 and MA99), keeping short-term structure bearish.

Immediate support lies at 89,200–88,700. A breakdown can reopen 88,000 pressure. On the upside, 89,900–90,100 is strong resistance. Sustained recovery above 90,200 is needed to shift momentum bullish. Until then, expect volatile pullbacks and range-bound trading.