#BTCMarketAnalysis 📊 BTC Price Today: Bitcoin trading around $86,700 – $88,000 (slightly down on the day but stabilizing) as the market shows ongoing volatility and mixed sentiment.

---

🔍 Price Action Summary

📉 BTC has been weaker from early December highs near $92–94k and is now drifting lower, with prices dipping below $86k at times.
• Recent trend: Bearish pressure with lower highs and range-bound action near current levels.
• Daily data shows a slight bounce off lower prices but support still unproven.

Why the weakness?
• Broader risk-off sentiment after U.S. jobs data and macro uncertainty dented crypto appetite.
• Heavy forced liquidations intensified downward momentum across BTC & ETH markets.

---

📈 Key Technical Levels

✔ Immediate Support:
• $86,000 – $85,000 — critical near-term support zone.
• Below this, deeper pullbacks could test the $82,000-$80,000 range.

✔ Resistance Zones:
• $90,000 — major psychological level.
• Above that, $92,000-$94,000 remains a strong barrier.

---

🧠 Sentiment & Market Structure

💡 Bullish Notes:
• Whales & larger holders may be accumulating around lower ranges, indicating possible base building.

⚠ Bearish Signals:
• ETF outflows and macro headwinds are suppressing risk assets including BTC.
• Traders are cautious with weak volume and choppy price action.

---

🔮 Short-Term Outlook

Bearish Scenario:
• A close below $85k could extend the correction toward $80k-$82k, especially if risk appetite stays weak.

Neutral/Range Scenario:
• BTC continues trading between $85k and $92k, consolidating before a breakout.

Bullish Scenario:
• A sustained break above $92k-$94k with strong volume would flip sentiment bullish and could target $100k+ again.