📉 Bitcoin continues its correction near $86.9K
🔥🔥🔥
$BTC did not hold above the $88K level and is now trading in the $86.9K zone, maintaining a downward trend on the hourly timeframe.
📊 On the chart we see:
Price below MA(7), MA(25), and MA(99) — selling pressure is increasing
Minimum for the day — $86.6K
Resistance: $87.5K — $88.0K
Support: $86.6K — $86.4K
📌 Conclusion:
As long as BTC is trading below key averages, the market remains in a correction phase. A consolidation above $87.5K may ease selling pressure.🔥🔥🔥
✍️ Not financial advice — just market analysis 🙂
BTC
87,426.7
-0.35%
ETH
2,935.44
-0.78%
