🔴 Current Market Situation

$BTC

BTC

89,468

+1.26%

BTC is currently trading around 89,400 USDT.

Price faced rejection from the 90,300 resistance zone and is now showing a clearly weak market structure.

🧠 Technical Reason — Why has BTC turned bearish?

1️⃣ Lower Highs & Lower Lows

Price is unable to sustain upward moves

Sellers become active on every bounce

➡️ This is a classic bearish market structure

2️⃣ MA60 Acting as Resistance

Price is trading below the MA60 (≈ 89,530)

MA is acting as a dynamic resistance

➡️ Until MA60 is reclaimed, upside momentum remains weak

3️⃣ Volume Confirmation

Higher volume on red (bearish) candles

Weak volume on green (bullish) candles

➡️ Confirms seller dominance

📊 Key Levels (Important)

🔻 Support Zones

88,800 – 88,500 → First support

87,900 – 87,500 → Strong demand zone

🔺 Resistance Zones

89,800 – 90,000 → Immediate resistance

90,300 → Major rejection area

📌 Trading Plan (Educational Purpose)

❌ When to Avoid Long Positions

Until price gives a strong close above 90k

Long positions below MA60 are risky

✅ Short Idea (If conditions align)

On rejection from resistance

Always keep stop-loss above resistance

🔮 Market Outlook

As long as BTC does not reclaim 90,300,

bearish pressure is likely to continue.

Short-term relief bounces are possible, but the overall trend remains weak.

⚠️ Disclaimer:

This analysis is for educational purposes only, not financial advice.