High selling pressure - waiting for BTC to continue falling.Bitcoin (BTC/USD) – Daily Chart Analysis
Bitcoin recently tested the 95,000 resistance zone and was rejected strongly, confirming this area as a major supply zone aligned with the EMA cluster and key Fibonacci resistance. After this rejection, price reacted sharply back into the 80,000 range, showing clear selling pressure and weakening bullish momentum.
Market structure & key levels:
95,000 – 96,000: Strong resistance. Previous support has now flipped into resistance.
80,000 – 89,000: Current consolidation zone after the rejection from 95k. Price action here looks corrective, not impulsive.
87,000: Critical support level and decision zone for the market.
Bearish continuation scenario (high priority):
If BTC breaks and closes below 87,000, it will confirm a bearish continuation on the daily timeframe.
In this case, downside momentum is likely to accelerate, with the next major target at the 70,000 support zone, where strong historical demand is located.
Alternative scenario:
A short-term bounce toward 92,000–95,000 is possible, but as long as price remains below 95k, this move should be viewed as a pullback to resistance, not a trend reversal.
