#Bitcoin saw a recent rejection after a strong bullish push. While price failed to sustain higher levels, a short-term correction phase has begun. This pullback appears healthy and follows a significant rally, not indicating a trend breakdown.
Currently, #BTC is moving lower but remains above a critical support area. The 86,400 zone is a strong buying interest region where buyers could potentially re-enter.
As long as this key level holds, the overall market structure stays bullish. We could see price attempt another move higher following consolidation. 📈
📉 Key Levels to Watch:
Immediate Support: 88,000
Major Support: 86,400
Resistance Zone: 89,800 – 90,600
If price sustains above 86,400, long positions may be considered upon confirmation. A clear bounce from this support could target the 90,000 zone again. 🎯
However, a break below 86,400 would signal a deeper correction. Caution is advised.
Remember, this appears to be a normal pullback after a strong bullish run. Patience and robust risk management are crucial at this stage.
$BTC
(BTCUSDT)
