$BTC ‌BTC has experienced considerable downward pressure since it failed to hold in the upper range.

Thereafter, price fell significantly and currently trades at approximately $83k while trying to find stability from recent sell-offs.
For the time being, the area between 81k-82k is considered the most critical level of support.
In addition, this area was previously defended and is serving as a primary reaction zone for the second time.
As long as BTC can continue to trade above this support area there is potential for a short-term relief bounce.
A price increase back over $85k will be the first indication of recovery.
If momentum continues to improve, the next major resistance zones are anticipated to occur at 87k and 90k.
To the downside, failure to maintain a position above 81k will likely cause further weakening of the overall structure.
Additionally, if price were to break below the 81k level, price may begin to trend down toward the 79.5k-77k level of support.
Currently, volatility remains elevated, thus price movement may remain volatile in the short-term.