$BTC is currently trading around $86,000–$87,000 today, with modest fluctuation in the past 24 h.
Recent range shows intraday highs near ~$88,000 and lows near ~$85,000.
📉 Near-Term Price Behavior
$BTC has extended a multi-day slide, declining over several sessions and breaking below some short-term support levels, reflecting bearish sentiment.
Market weakness has been intensified by forced liquidations across crypto markets, leading to sharp, short-term sell-offs.
📌 Drivers & Market Sentiment Today
Macroeconomic data and investor caution—recent U.S. jobs figures and a cooling risk appetite have put downward pressure on $BTC and broader crypto.
ETF outflows and cautious institutional flows are noticeable, yet price hasn’t collapsed sharply, suggesting some underlying buyer interest near current levels.
📈 Technical Outlook (Neutral to Slightly Bearish)
Technical tools show mixed to bearish signals in the short term, with moving averages and trend indicators tilting toward selling pressure.
Key near-term support sits around mid-$80,000s, and resistance remains well above current price levels (~$93K+ on some charts). #BinanceAlphaAlert #WriteToEarnUpgrade
