BTC is hovering at a key resistance level, beware of the risk of forming the next lower high.

Market Sentiment Remains Stagnant, Bullish Momentum Significantly Weakening

Bitcoin has experienced a 8%-10% correction recently, and its rebound momentum has already weakened. Although BTC has recovered somewhat in the past few days, buying pressure remains insufficient, causing the price to repeatedly face resistance near the $90,000 level. The current trading environment is filled with uncertainty; the market has neither confirmed a strong rebound nor shown new downward signals, creating a typical “hesitation” situation. According to real-time data, BTC is currently quoted at 91.64K, with a 24-hour increase of 0.95%, but this slight rise has not changed the fragile technical outlook.

Technical Indicators Signal Increased Likelihood of Lower Highs

Chart analysis shows that the $86,800–$87,500 range has become the “ceiling” for this rebound, coinciding with the previous decline’s starting point, indicating clear resistance. Momentum indicators such as RSI and MACD remain weak, reflecting diminishing buying power. If BTC cannot effectively hold above $87,500, the risk of forming lower highs will significantly increase, potentially triggering a new round of selling.

Support Levels Arranged Sequentially, Risk Levels Clearly Defined

Looking downward, BTC’s defense lines are: $82,900 (first key support), $80,000 (mid-term support), $78,500 (strong support), and further down at $73,500. If the price falls below $82,900, the probability of confirming a lower high will greatly increase, possibly leading to a retest of the $80,000–$78,500 zone.

Future Key Depends on Whether the $86,800–$87,500 Zone Can Be Broken

If the bulls can establish a bottom and stabilize within this zone, subsequent rebound targets will aim for $98,000–$100,600. However, if resistance prevents this, forming another lower high will become highly probable, driving BTC downward to test $80,000 and even lower supports. Traders should closely monitor BTC’s performance at this critical resistance zone, as volatility is expected to intensify as prices approach these critical points.

BTC-0,68%
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