BTC has lost the key horizontal support around 94.8k and is now trading below it, showing short-term weakness. The price also broke down from the recent consolidation, indicating bearish momentum.

The ascending trendline (dashed) around 92k–92.5k is the next crucial support.

Holding this trendline could trigger a relief bounce.

A clean break below it would open the door for a deeper pullback toward 90k–89k.$BTC

BTCUSDT

Perp

67,464.7

-0.47%