Bitcoin $BTC is currently showing intense volatility on the 15-minute chart, as a sharp rejection from the $88,372 peak triggered a rapid descent toward a local bottom of $87,162, signaling a fierce battle between bulls and bears. While the price has stabilized around $87,694.96—down 1.01% for the day—the recent formation of a "higher low" suggests a potential recovery attempt is underway, though the 24-hour volume of $1.23B USDT indicates massive liquidity is fueling this high-stakes tug-of-war. Traders are watching the $88k resistance closely, as the market balances on a knife-edge between a bullish breakout and a deeper correction toward the daily low of $86,601.
Would you like me to analyze the support and resistance levels more deeply to help identify potential entry or exit points?
