$BTC ‌BTC saw a sharp drop and is now trying to stabilize around the 85.8k zone. Selling pressure was strong, but the bounce from the recent low shows buyers are still active.

What the chart says

1H timeframe: Trend is still weak, price below short MAs → pressure remains.

Momentum: RSI was deeply oversold, now cooling down → small relief bounce is normal.

Key support: 85k area. As long as this holds, downside slows.

Key resistance: 88k–89k zone. Bulls need a clean break to regain strength.

Possible moves

Short term: Sideways to mild bounce toward 88k if support holds.

If 85k breaks: Next drop could be fast.

Higher timeframe: Market looks corrective, not broken yet.

This is just a personal market view, not financial advice. Trade carefully and manage risk.