$BTC Price just made a sharp drop and tapped a strong demand zone near 86.6k. On the 1H chart, momentum indicators look stretched, showing sellers may be getting tired.
What I’m watching:
Short-term (1H): Oversold signals hint at a possible relief bounce toward 88.5k–89.5k.
Mid-term (4H): Trend is still weak; price needs to hold above 86.5k to avoid more downside.
Structure view: If support holds, sideways to slow recovery makes sense. A clean break below support could open more pressure.
This is just a personal market view based on price action and indicators — not financial advice. Market can change anytime, so manage risk wisely.
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$BTC Price just made a sharp drop and tapped a strong demand zone near 86.6k. On the 1H chart, momentum indicators look stretched, showing sellers may be getting tired.
What I’m watching:
Short-term (1H): Oversold signals hint at a possible relief bounce toward 88.5k–89.5k.
Mid-term (4H): Trend is still weak; price needs to hold above 86.5k to avoid more downside.
Structure view: If support holds, sideways to slow recovery makes sense. A clean break below support could open more pressure.
This is just a personal market view based on price action and indicators — not financial advice.
Market can change anytime, so manage risk wisely.