FX.co ★ #Bitcoin chart analysis

I can see that Bitcoin experienced an aggressive decline today, and I note that the drop below the 85,000 area confirms the bearish pressure that I have been tracking since last week. I believe that the earlier break of the ascending channel created unfinished downside targets, and I consider this “debt” as one of the key reasons why sellers eventually regained control. I see the 90,000 level as a critical resistance, and I acknowledge that even though price briefly pierced it, I interpret the sharp rollback as a clear sign of buyer weakness. I experienced firsthand how extreme volatility dominated the session, and I recognize that metals behaved chaotically as well, wiping out many leveraged accounts. I managed to survive this turbulence with difficulty, and I clearly see the contrast where metals were bought back quickly while Bitcoin remained pressed near its lows. I consider the technical picture decisively bearish, and I expect that any recovery attempts toward the 86,000 area may offer new sell opportunities. I remain cautious, however, because I do not currently see strong fundamental reasons for a deep collapse, which is why I keep watching closely for reversal signals. I focus on the M30 timeframe, where I identify 86,386 as a key level, and I see that consolidation below it increases the probability of further downside. I expect the first bearish targets near 85,473 and 85,086 to be tested soon, and I recognize these levels as short-term supports where price may pause or consolidate.

I also reflect on my recent testing of a scalping-style system around the American session, and I find that opening trades half an hour after the session start helps me adapt to fast market conditions. I observed that Bitcoin collapsed roughly forty minutes into the US session, and I saw a decisive break below long-standing support, which reinforced my bearish bias. I now consider deeper downside scenarios realistic, and I openly contemplate prices reaching 81,250 and potentially even 75,000 if momentum accelerates. I interpret the earlier smooth rise as a fakeout, and I believe that buyers were effectively trapped and forced to exit when support at 87,500 failed. I understand that sellers are now targeting the 1/8 Murrey support around 81,250, and I plan to watch price behavior carefully if this level is tested again. I believe that a second attempt could lead to a clean breakout lower and trend continuation. I also acknowledge that for bulls to regain control, I would need to see firm consolidation above 87,500 and renewed interest toward the MA75 near 89,954. I sense that overall investor interest in Bitcoin has weakened, and I attribute part of the sell-off to fading political optimism and whale distribution. I accept that leverage liquidations have intensified the fall, and I conclude that while a move toward 80,000 or lower is possible, I expect strong interest to reappear near those round-number supports.