📉 $BTC Under pressure, a bounce without confidence 🤔🤔🤔
Bitcoin received a sharp downward impulse from the $90,400–$90,600 zone, updating the local minimum around $87,600, after which a technical bounce followed. The price is now consolidating around $89,700.
📊 What is visible on the chart (1H):
The price remains below MA(99) — global control with sellers.
MA(7) and MA(25) act as dynamic resistance, making growth difficult.
There was a spike in volumes during the decline — a capitulation movement, not just 'noise'.
The current rise looks like a technical pullback, without breaking the structure.
🧱 Key levels:
Support: $88,600–$87,500
Resistance: $89,900–$90,300
The critical zone for a change of sentiment — a return and consolidation above $90K.
📌 Conclusion:
BTC is trying to find balance after a sharp drop, but for now, this is not a reversal, but a pause. Without a breakout above $90,000, the market remains vulnerable to renewed pressure. We closely monitor the volumes and the reaction to resistance.
☕ There is no rush — the market will now hint at the direction. 🤔🤔🤔
