Bitcoin Urgent Update
Over the last 24 hours, $BTC showed high volatility and emotional price action. Price dropped sharply to the 86,021 area, which acted as a short-term support and triggered a bounce. From that low, BTC pushed higher toward the 88,900–89,000 zone, marking the recent high, but failed to sustain above it. This rejection clearly shows that sellers are still active at higher levels.
The recovery from 86k was reactive, not strong enough to change the overall structure. Bulls managed to defend the lows, but every upside attempt has been capped below key resistance. On the daily chart, BTC is still trading below previous breakdown levels and continues to form lower highs, which keeps the broader bias bearish.
Right now, BTC is stuck in a range between 86k support and 89k resistance. Until price breaks and holds above resistance with strength, upside moves should be treated as pullbacks rather than trend reversals. If BTC gets rejected again from the 88.8k–89.2k zone, a move back toward 87.2k and 86k remains likely. On the flip side, only a clean breakout and acceptance above 89.2k would shift momentum and force bears to step aside.
Summary:
• Recent Low: 86,021
• Recent High: 88,983
• Trend: Bearish (lower highs intact)
• Current State: Range / corrective bounce
• Key Resistance: 88.8k–89.2k
• Key Support: 86.8k–86k
No rushing trades here. Let price come to your levels and react — not guess.
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