$BTC 📊 BTC/USDT Market Outlook (Daily Chart)

Bitcoin is currently trading around 89,600 after bouncing from the strong support zone near 87,200.

Price is moving sideways, showing signs of consolidation after a sharp decline.

This indicates that sellers are losing momentum, while buyers are slowly stepping in.

However, BTC is still trading below key moving averages, which means the market remains under pressure and needs confirmation before any strong bullish move.

🔍 Possible Scenarios:

• If price holds above the support zone, a short-term recovery toward resistance levels is possible.

• If support fails, further downside movement cannot be ruled out.

⚠️ Market is highly volatile. Traders should wait for confirmation and manage risk carefully.

Always use stop loss and proper position sizing.

This is not financial advice. Do your own research before trading.

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