Ombretta De Marco
📉 BITCOIN $BTC – BEARISH ACCELERATION IN PROGRESS Over the past few days, Bitcoin has shown increasing signs of weakness: it struggles to establish a local low, has lost the ~$93,700 support, and the next major level to watch is now around $87,500. Altcoins, on the other hand, are showing relative strength locally, a signal that increases the probability of a short-term bottom forming, but the broader structure remains bearish until proven otherwise (daily and weekly timeframe). 🔍 What would invalidate the bearish structure? To shift the narrative and confirm a structural reversal, BTC needs clear signals: • A sustained recovery above $106,000 (dump absorption zone), or • A proper higher high + higher low, signaling a true structural change. A first sign of reaction, not inversion, would be a reclaim of the $97,000 area (top of the latest consolidation cluster). 📌 Key Levels to Monitor • Lost support: $93,700 • Next major support: $87,500 • First reaction signal: $97,000 • Reversal threshold: $106,000 • Bearish structure intact unless higher high + higher low form 📈 Technical Interpretation • Moving averages, MACD, and RSI all lean “Sell” on short–medium timeframes. • The ~$94–96k area aligns with a known demand zone highlighted by several analysts. • The current altcoin relative strength is notable: when ALTs hold or rise while BTC falls, it often means BTC’s selling pressure is advanced, but not necessarily exhausted. • Overall structure remains bearish until BTC prints a convincing reversal pattern. 🔧 Structural Implications • In a bearish market structure, a disciplined approach is essential, focusing on key support areas where selling pressure could ease. • For new exposure, reaction signals (such as recovering ~$97k or ~$106k) or confirming support holds near ~$87.5k help distinguish a simple bounce from a structural shift. 🧭 In Summary Bitcoin is in a structural testing phase: • Losing $93,700 increased downside pressure. • The ~$87,500 zone is now the technical fulcrum where real demand can be measured. • The structure stays bearish until BTC either forms a clean reversal pattern or reclaims critical levels like $97k (reaction) and $106k (narrative shift). • Altcoin relative strength is interesting, but not yet a sign of true rotation. We’re in a market that is compressing and redistributing risk, not one that has completed its move. • Timing remains uncertain • Discipline remains essential We continue to track levels, flows, and structure, and respond only when the market confirms.
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BTC
Bitcoin
90875.99
-2096.59 (-2.26%)
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