$BTC
â Analysis & Next Move Alert đšđ
$BTC is facing heavy selling pressure, sliding nearly 6% today to a low around $84,000. After losing the key psychological $90,000 level earlier this week, sellers have taken control, driving price to a five-week low.
Market cap sits near $1.8T, but sentiment has clearly shifted from Belief to Anxiety as macro uncertainty and tariff concerns continue to pressure risk assets.
đ Quick Technical Breakdown
Short-term structure has flipped bearish, with $BTC trading below both the 50 EMA and 200 EMA. Although the 4H 200-day MA is still sloping upward, the sharp rejection at $90,000 confirms a classic bull trap.
Daily volume remains elevated at roughly $48B, but flow is skewed toward sell-side activity as traders search for lower liquidity zones.
đŻ What to Watch Next
âą Bearish Continuation: If buyers fail to defend $84,000, downside opens toward $80,700 (true market mean), with a deeper flush possible toward $74,000.
âą Relief Bounce Scenario: Bulls need to reclaim $88,200 first, then flip $90,000 back into support. A sustained move above $91,200 would be the earliest signal of trend reversal.
âą Bottom Line: Trend bias remains bearish. Bulls may attempt a stand near $84,000, but until price is back above $88,000, expect choppy and downward-leaning price action.
BTCUSDT Perp
85,153 | â4.93%