The 88.0k USD has short fluctuations around key reversal levels. Price action showed short-term selling pressure near the upper boundary and buying interest around the lower boundary.
Over the last day, Bitcoin's intraday range was approximately 85,700 USD to 88,000 USD, which acted as an immediate support and resistance zone for 15-minute candles. Within this range, the price made several attempts to rise but was rejected near the upper boundary. Volume spikes on deviations indicated that sellers were more active at higher prices, while buyers entered closer to the lower boundary.
Key support and resistance levels on the 15-minute timeframe
Immediate resistance 88,000 USD to 88,060 USD. The price tested this zone several times and failed to close convincingly above it.
Average resistance/pivot near 87,400 USD. This level acted as a short-term supply zone where intraday sellers re-entered.
Immediate support 85,700 USD to 85,704 USD. Bounces from this zone showed accumulation by short-term buyers.
Lower support around 85,200 USD. A break below this will open up space for a deeper pullback to previous daily structure levels.
Sources show high and low daily ranges and pivot style levels used by traders to mark these zones.
Buying and selling pressure explained
On the 15-minute chart, selling pressure increased as candles reached the upper resistance zone. Candles with deviations and increasing volume indicate short-term profit taking and new sell orders. Technical indicators and crossovers of short moving averages on intraday charts indicated a short trend during those deviations.
Buying pressure was noticeable near the lower support zone. As the price dropped to 85.7k, buyers stepped in and created fast bullish candles with lower volume tails. This pattern indicates that buyers are defending the lower range but are cautious, taking partial positions instead of full confident longs.
