$BTC is consolidating after a volatility-driven rejection.

Price is trading around 87,330 following a sharp rejection from the 88,370 area, confirming heavy supply near the highs. The selloff extended into the 86,860 zone, where buyers stepped in decisively, preventing deeper continuation and establishing a clear intraday support.

The rebound from that low has been measured, not impulsive. Price is now rotating below 87,450, which is acting as immediate resistance. Structure on the lower timeframe remains mixed, with recovery attempts capped beneath prior breakdown levels.

As long as BTC holds above 86,860, downside remains contained within consolidation. A clean reclaim and acceptance above 87,450 would signal short-term strength and open a path back toward the upper range. Failure to hold the current base risks another test of the lows.

For now, BTC is in balance, absorbing volatility and waiting for a directional catalyst.