$BTC /USDT is bleeding lower after rejection at 87.8K, grinding into 86.7K with no real bid response. Every bounce is capped by falling MAs—sellers in control, buyers reactive. This is controlled distribution, not panic. Hold 86.6K and BTC can coil for a relief push; lose it and liquidity hunts accelerate fast. The market is testing conviction.

#Bitcoin #CryptoTrading #MarketStructure