$BTC Failed Bounce and movement #BitcoinDunyamiz #bounce #BTC

BTC/USDT is experiencing a significant drop in price.

Key Analysis:

Price: $87,019.36 (-3.64%)

24H High: $92,810.64

24H Low: $86,578.65

Moving Averages (MA):

MA(7): 89,029.13 (May act as short-term resistance)

MA(25): 90,352.05 (Strong resistance in the long term)

MA(99): 88,748.59 (Trading below this level, indicating weakness)

What’s Happening?

Volume (VOL): Heavy selling pressure in the last hour, pushing the price down rapidly.

RSI & MACD: Not visible here, but such a big dump might push RSI into the oversold zone, increasing the possibility of a bounce.

Support: $86,578.65 (Current local bottom)

Possible Next Movements:

Bounce: If the asset is oversold, it may recover to $88,000–$89,000.

Further Decline: If support breaks, the price may drop to $85,000–$83,000.

What do you think? Will you buy spot or wait?