Bitcoin is currently consolidating around $88,200, following a period of volatility. While the long-term structure remains bullish, short-term indicators suggest a "Caution" phase. The market is currently squeezed between a narrowing range, with a high concentration of long positions making the price sensitive to any downside break. Traders should keep a sharp eye on the $86,000 weekly support; a failure to hold this level could trigger a rapid slide toward $83,000 or lower. Conversely, a clean break above $90,500 is required to flip the daily momentum back to bullish.
BTC
88,414.72
+0.26%