Recent Move: Price made a strong upward spike followed by a sharp rejection—likely a liquidity grab or bull trap ( typical of a liquidity hunt or fake breakout ).
Current Structure: Lower highs and lower lows are forming, indicating short-term bearish momentum.
Resistance Zone: Around $86,500 – $87,000 acted as a rejection zone.
Support Zone: Price is hovering near a previous low area around $82,800 – $82,000.
📉 Bearish Bias (Higher Probability short-term):
If $82,000 breaks convincingly, we could revisit $81,200 – $80,800 zone. Momentum and structure favor downside for now unless bulls reclaim a strong level.