#BitcoinRejectedAt$87K
Rejections like this usually come down to two main things: heavy profit-taking at key psychological resistance and over-leveraged long positions getting flushed out.
Buyers just ran out of steam trying to push through that $87K wall, leaving a massive cluster of sell orders intact.
If we hold support around the $82K–$84K range, this is just a healthy reset before another attempt. But if that breaks, expect a deeper slide toward $78K. On the flip side, we need a clean daily close above $87.5K on strong volume before calling a real breakout.
Are you buying this dip, or holding out to see if support holds?$BTC
Rejections like this usually come down to two main things: heavy profit-taking at key psychological resistance and over-leveraged long positions getting flushed out.
Buyers just ran out of steam trying to push through that $87K wall, leaving a massive cluster of sell orders intact.
If we hold support around the $82K–$84K range, this is just a healthy reset before another attempt. But if that breaks, expect a deeper slide toward $78K. On the flip side, we need a clean daily close above $87.5K on strong volume before calling a real breakout.
Are you buying this dip, or holding out to see if support holds?$BTC