Currently, $BTC is trading at $84,557, showing a decline of 5.5% after descending from the $90K–$91K corridor to touch a local low near $84,425. The market atmosphere has shifted to a risk-off mode, characterized by a bearish alignment of moving averages where the MA7 at 88.1K and MA25 at 88.2K sit below the MA99 at 91.5K. Additionally, a substantial rise in volume to approximately $1.81B USDT over the past 24h points to forced deleveraging rather than natural organic selling. This downward movement appears to stem from a combination of macro risk reduction and a shakeout in the derivatives sector, rather than fatigue in the spot market. As it stands, critical support lies between $83K and $84K, while resistance has reset to the $88K–$90K range. If the price can maintain this support level, we may see a recovery bounce aiming for $88K+; however, a clear break downward could lead to further declines toward $80K–$82K before demand finds its footing.