$BTC Market Update 🚨🚨🚨
#Bitcoin is showing early signs of stabilization after the recent sharp sell-off. Price dipped into the 91.9K support zone, swept liquidity, and quickly bounced back toward the 93K area. This kind of reaction usually points to strong buyers defending lower levels.
On the 4H chart, $BTC is now trading close to the MA(99), which often acts as a dynamic support during bullish phases. Selling pressure has slowed, and the bounce suggests the panic phase may be cooling off. However, price is still below the short-term moving averages, so confirmation is needed before calling a full reversal.
Key levels to watch:
Support: 91,800 – 92,500
Immediate resistance: 94,800 – 95,500
Major resistance: 96,500 – 98,000
If Bitcoin holds above the 92K zone and reclaims 95K with volume, the path opens for a push toward the 96.5K–98K range. Failure to hold support could lead to another retest of the lower liquidity zone.
For now, this looks like a recovery attempt after a leverage flush. Volatility remains high, so patience and confirmation are key. The next few candles will be important in defining the short-term direction.
