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🚨 A brief summary of Bitcoin movement in the past hours $BTC
The price dropped sharply to the Fibonacci area of the first wave 0.5 at 86,846
Then the decline extended beyond 0.618 at 83,900, which is currently the most important support area on the daily frame.
The rebound from 0.618 came quickly, indicating active demand in the range of 84–85.5K.
But so far there is no clear confirmation of the end of wave "2" without a close above 88.5K.
📊 Nearby levels to monitor the movement:
✔️ Basic Support: 85,371$
✔️ Secondary Support: 86,846$
✔️ First resistance: 88K
✔️ Key Resistance: 90,785$
✅ Positive scenario:
Restoring 88K with a daily close brings the price back to a short upward trend, making 90.7K a logical target.
❌ Negative scenario:
Breaking 85K with a daily close could push the price towards 82.8K – 83.5K.
🔁 Simple summary:
The drop within the natural Fibonacci zone in wave "2"
The price is currently at a balance point that may determine the direction of the coming days.