$BTC Bitcoinโs current status and key levels before entering a trade (as of todayโs market data):
Bitcoin is currently showing weakness after losing major support, trading around the mid-$80,000s to low-$90,000s recent range. BTC has broken below the key $90,000 zone and even dipped under $88,000, signaling continued short-term bearish pressure and heightened volatility. Many traders are now defensive, waiting for a clearer directional cue.
๐ Current Market Context
Multiple sources report BTC losing the $90,000 support, with market sentiment remaining shaky.
The price action looks range-bound with downside pressure โ a break below key supports could accelerate selling.
๐ฏ Key Levels to Watch
๐ Support Levels
$86,950โ$88,000 โ Immediate support zone on short-term charts.
~$85,000 โ Secondary support if breakdown continues.
$80,000 area โ Major psychological support; breach could open deeper pullbacks.
๐ Resistance Levels
$90,200โ$90,300 โ First resistance after recent breakdown.
$92,900โ$94,500 โ Next hurdle โ breakout zone for bulls.
$96,000+ โ Key zone where bullish continuation would gain traction.
โ ๏ธ Trade Considerations
Bullish thesis: needs reclaim of $90K+ with volume and then clear $94Kโ$96K resistance.
Bearish thesis: a confirmed break below $86Kโ$85K support increases risk of deeper pullbacks.
Always align entries with your risk tolerance and use proper stops โ markets are choppy.
It's not financial advice - above data is according to my research do your own research and manage risk appropriately.
#BTC #BTCTrading