$BTC is consolidating after a sharp rebound from the 84.4K demand zone. The bounce was impulsive, but price is now stalling around 88K, a level that has acted as both support and resistance in recent structure.

As long as BTC holds above 87K–86.8K, the recovery remains intact and price can grind higher. A clean acceptance above 88.5K would likely trigger a move toward 90.5K, with the major supply still sitting near 92–94K.

Failure to hold 86.8K would weaken the structure and reopen the downside toward 85K and potentially a full retest of the 84.4K lows.

Trade idea (balanced):

Entry: 87.2K–87.5K

SL: 86.5K

TP1: 88.8K

TP2: 90.5K

This is consolidation after a relief bounce, not a confirmed trend reversal yet. Expect chop unless BTC reclaims higher time-frame resistance convincingly.