$BTC just tapped into that supply zone around 85,800–86,000 and has shown a sharp rejection already. Here’s the quick technical read:

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Current Situation:

• Price: 85,508

• Supply Zone: 85,800–86,000 (previous rejection zone, freshly tested)

• Reaction: Immediate wick and sell-off — signs of strong seller presence

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Trade View:

Bearish Rejection Play:

• If you’re looking for a short setup, this is a prime reaction:

• Entry: Below 85,500 (already hit)

• Stop-loss: Above 86,100

• Targets:

• TP1: 85,000 (psychological level)

• TP2: 84,600 (top of demand zone)

• TP3: 84,400 (middle of demand zone)

Buyers’ Defense:

• If price reclaims and closes strong above 86,000, that invalidates this rejection and could trigger another breakout leg toward 86,500+.

#BTC