Weekly close complex: $BTC closed near $86,762, confirming weakness after losing $90k.
From here, the price could enter into sideways movement, while the market continues to clean up excess leverage.
Key level to recover: close daily candles above $90k to stabilize sentiment.
Area to watch: the area of $86k acted as immediate support and showed a bounce.
The MACD is starting to improve, suggesting that the dump lost strength, but now we need confirmation with buying pressure (ideally accompanied by volume).
Do you think this consolidates as a buying zone or is a visit to $80k still needed?
