@ijankaris

BTC Market Update – Today’s Analysis Current Price: ~ 87,300 Timeframe: 4H Market Structure: Range-bound with a slight bearish bias BTC is currently trading below major supply zones, indicating that selling pressure is still present. 🔴 Key Resistance (Supply Zones) 88,800 – 90,000 Strong rejection area (Bearish Order Block) → Ideal zone to watch for sell reactions 93,000 – 94,500 Major untouched supply zone → Potential upside target only if strong bullish breakout occurs 🟢 Key Support (Demand Zones) 86,500 – 86,000 Nearest support → Breakdown may trigger further downside 85,000 – 84,500 Strong demand zone → Possible bounce area 📉 Price Action Insight Formation of Lower Highs suggests a weak bullish structure Recent bullish attempts failed to hold above 88,500 Volume does not yet support a strong bullish reversal ➡️ No confirmed bullish reversal at the moment #btc #btctoday

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