๐ Current Market Context
BTC recently failed to sustain above the $90 K zone and has pulled back toward ~$85-88 K on risk-off sentiment. Traders are cautious amid macro pressure and regulatory delays.
Market structure shows losses stacking over the past days, with BTC underperforming and failing to form strong reversal signals.
Short-term support around ~$85 K is being tested; breach could fuel further downside.
๐ Short-Term Technical View (Bearish Setup)
Key Resistances
$87,000โ$88,000 โ immediate resistance where sellers have re-emerged.
~$90,000+ โ bigger barrier thatโs still out of reach for bulls recently.
Key Supports
$84,000 โ critical short-term support. Breaking below this opens the next leg down.
$80,000 โ psychological and technical cushion; a drop below can accelerate bearish momentum.
Below $80,000 โ increases probability of deeper correction (e.g., $74โ71 K) with fresh selling pressures.
Trading Structure
BTC remains below key moving averages (e.g., 100-day EMA) and under a downward/sloping channel โ typical of short-term bearish trends.
Momentum indicators (RSI) show weaker buyer strength, signaling more downside risk unless momentum reverses.
๐ Short-Term Bearish Scenarios
Scenario 1 โ Breakdown below $84K
Trigger: failure to hold ~$85K support
Target: $80K, then $74โ71K range.
Bearish bias: sellers control near-term flow.
Scenario 2 โ Dead cat bounce then rejection
Small bounce to $88Kโ$90K resistance
Rejection โ continuation of downside trend.
Invalidation (Bullish turn)
Only a clear sustained break above $90K with strong volume flips short bias to neutral/bullish.
๐ฅ Short-Term Trading Tips (Bearish-oriented)
Short Entry Areas
Rejection near $87Kโ$90K
Move below $85K on increased volume
Stops
Above $90K (invalidates bearish continuation)
Targets
$80K
$74K
$71K (aggressive)
Risk Note
Shorting crypto is volatile; leverage magnifies risk โ use tight risk controls.
๐ง Summary (Short-Term)
โก๏ธ Market is weak and directionally bearish near-term
โก๏ธ Key pivot = the $84K support
โก๏ธ Break below $80K = deeper correction likely
โก๏ธ Resistance at $87Kโ$90K is keeping bulls in check.
