$BTC is catching its breath after that sharp drop from the highs, bouncing a bit and chopping sideways.

There's solid short-term support being tested in the mid-to-low $80Ks, while heavy resistance sits up near the $100K area.

Basically, the market is trying to figure out if this move is just a quick relief bounce or the start of a real recovery. Holding and reclaiming $90K-$92K would be a positive sign. Lose the current floor, and a deeper flush becomes very possible.#BTC