Bitcoin remains in a corrective phase within a broader bullish structure, as shown on the daily chart.

After failing to hold above the 0.236 Fibonacci level (~94,700), price retraced back into the key demand zone between 85,000 – 90,000, an area that has already acted as strong accumulation support twice in recent months.


🔑 Key Technical Observations

  • Major Support Zone: 85,150 – 89,000

    → This zone previously triggered strong rebounds, highlighted by volume absorption.

  • Immediate Resistance:

    • 90,987 (0.144 Fib)

    • 94,714 (0.236 Fib)

  • Higher Resistance Levels:

    • 100,630 (0.382 Fib)

    • 105,411 (0.5 Fib)

    • 110,192 (0.618 Fib)


📈 Momentum & Indicators

  • Stochastic RSI is deeply oversold, similar to prior reversal points marked on the chart.

  • Price is attempting to base above long-term support, suggesting sellers are losing momentum.

  • The larger curved projection implies a potential rounded bottom, not a breakdown structure.


🧠 Market Interpretation

As long as $BTC holds above the 85K support, the current move appears to be a healthy pullback, not a trend reversal. A reclaim of 94.7K would be the first confirmation for upside continuation toward the 100K–110K liquidity zone.

🎯 Summary

  • Structure: Bullish market, corrective phase

  • Bias: Cautiously bullish above 85K

  • Invalidation: Daily close below 85K

  • Patience > prediction — let price confirm.

Not financial advice. Always manage risk.

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