#btc what could be next move of market ?

📊 Bitcoin Technical Snapshot at $87K

📌 Key Support & Resistance

Immediate Resistance:

🔺 $87,500 — recent high / psychological barrier

🔺 $90,000 — round number / likely heavy sell zone

Immediate Support:

🔻 $83,500 — minor support (last breakout zone)

🔻 $80,000 — psychological + previous consolidation

🔻 $70,000 — major support + potential bounce zone

📈 RSI (Relative Strength Index)

Current RSI reading: likely hovering around 70+

Interpretation:

✔️ Overbought zone — indicates that BTC is stretched, risk of a pullback

✔️ Divergence? If price makes higher highs but RSI trends down, that’s a bearish divergence signal

📉 MACD (Moving Average Convergence Divergence)

Current MACD status:

MACD line probably still above Signal line (bullish)

Histogram might be shrinking — a potential early sign of weakening bullish momentum

A bearish crossover (MACD crossing below Signal) around this level would confirm downside risk

✅ Summary

At $87K, BTC looks:

Technically overextended

Facing resistance

Losing momentum (declining volume, RSI near overbought, MACD flattening)

If RSI and MACD confirm a divergence or bearish crossover, that’s your cue a drop toward $80K-$70K is highly likely.