BTCUSD | Daily Technical Outlook
Market Structure
Bitcoin continues to trade under sustained bearish pressure following its sharp decline earlier in the week. The pair has stabilized slightly around the $86,700 region but remains within a clear downtrend across the higher timeframes (H4 and Daily), while lower timeframes (M15 and H1) show weak corrective attempts that lack meaningful momentum.
Sellers remain firmly in control as long as BTC stays below the recent breakdown levels.
Key Resistance Zone
BTCUSD faces immediate resistance at $87,800-$88,500, where multiple intraday attempts failed to break higher.
Additional resistance levels:
- $89,500
- $90,700 (major structural resistance on H1/H4)
As long as Bitcoin remains below $88,500, bullish attempts are expected to be limited and corrective in nature.
Key Support Zone
The nearest support sits at $86,200-$86,500, which is currently being tested.
If this zone breaks, downside targets include:
- $85,000
- $83,800-$84,200 (major H4 support)
- Potential extension toward $82,500 if bearish pressure intensifies
A daily close below $85,000 would confirm continuation of the broader bearish trend.
Expectations
Bearish Scenario (Primary)
As long as BTC stays below $88,500, momentum favors continued downside.
A break below $86,200 may trigger deeper selling, targeting:
- $85,000
- $84,000
- $82,500 if bearish momentum accelerates
Bullish Scenario (Alternative)
A recovery above $88,500 would be the first sign of stabilization, opening the door toward:
- $89,500
- $90,700
However, this scenario currently remains less likely based on chart structure.
Outlook
Bitcoin remains firmly bearish after failing to recover above key resistance levels. Price stabilization near $86,700 could offer a temporary pause, but unless buyers reclaim $88,500, the risk remains skewed toward further decline.
