BTCUSD – Downside Pressure Remains in ControlAfter a period of strong volatility, Bitcoin is entering a phase of “catching its breath” as market sentiment shifts toward a defensive stance . Short-term capital has become more cautious, while macro factors and interest-rate expectations remain unclear, failing to trigger a fresh risk-on wave. As a result, BTC is struggling to sustain meaningful rebounds.
From a technical perspective, the outlook is tilted toward a bearish trend . Price has been repeatedly rejected at the descending trendline and is currently trading below the Ichimoku cloud, confirming that sellers remain in control of the primary trend. The 88,300 zone is acting as near-term resistance, where rebounds are likely to face profit-taking and renewed selling pressure.
On the downside, 84,300 stands out as a key support level. Given the current structure, upward moves are more likely to be technical pullbacks rather than genuine reversals. If price fails to break and hold above 88,300, BTC is likely to remain under pressure and retest the 84,300 zone, or even move lower should selling momentum accelerate.
In summary, the short-term bias remains bearish. The more prudent approach is to patiently wait for pullbacks to align with the trend, rather than rushing to catch a falling knife. Bitcoin is at a critical juncture, and price reaction at key resistance levels will determine the market’s next move.
