$BTC Daily Update:
On the 1D timeframe, BTC remains in a downtrend after falling from the 126K high to the 80.6K low. Price is currently trading around 87.8K, below key moving averages (MA25 & MA99), which continue to act as strong resistance. Recovery attempts have lacked volume, indicating weak buying momentum.
Support: 85K – 80.6K
Resistance: 91.5K – 94.5K
A confirmed trend reversal requires a daily close above major resistance with strong volume. Until then, market bias remains bearish.
