Bitcoin is currently trading around $86,500, showing mild bearish pressure after failing to hold above the $86,900–$87,000 resistance zone. Price is moving near the MA(25) and slightly below the MA(7), indicating short-term weakness.

The MACD has turned negative, with histogram bars expanding downward, suggesting bearish momentum in the short term. Volume is also decreasing, which shows lack of strong buying interest at current levels.

Key Levels to Watch:

Resistance: $86,900 – $87,000

Immediate Support: $86,300

Major Support: $85,850

If BTC holds above $86,300, a consolidation or minor bounce is possible. However, a breakdown below $85,850 could lead to further downside toward the $85,300 zone. Bulls need a strong reclaim above $87,000 to resume upside momentum.

Market Bias: Short-term bearish to neutral

Trend: Consolidation with downside risk