#bitcoin encountered a strong rejection at the $92,200–$92,600 resistance zone, leading to a sharp price drop. This decline followed the U.S. government's announcement that it would not be acquiring #btc for its strategic reserve.

Now, all eyes are on the $89,500–$90,000 resistance, breaking above could spark bullish momentum. On the downside, key support lies between $83,200 and $83,800.