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Price Structure & Trend Analysis
Currently, Bitcoin is in a consolidation phase with a bearish (downward) short-term trend.
Nearest Support: Located around 86,418. The price briefly touched this level and bounced slightly, but the pressure still persists.
Nearest Resistance: Ranges between 87,387 and 88,357.
Moving Average (MA): The current price is below MA5, MA10, and MA30. This indicates that in the short term, the momentum is still dominated by sellers (sellers). The MA30 (yellow) line is starting to curve downward, reinforcing the downward trend indication.