$BTC on the 1H is trying to build a base after a sharp sell-off, and the chart is clearly showing two reaction lows (Bottom 1 & Bottom 2) around the same demand zone. That’s an early stabilization signal — not confirmation, but a clue.
Right now, price is trading below the prior breakdown area (~88.3k–88.5k). This zone is the decision line.
If #Bitcoin reclaims and holds above 88.5k, the double-bottom structure activates and a relief move toward 89.5k–90k becomes very realistic. That would be a short-term green light for selective alt bounces.
If #BTC fails here and loses the 86.8k–87k base, the structure breaks down and we likely see continuation lower, with momentum shifting back to sellers.
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$BTC on the 1H is trying to build a base after a sharp sell-off, and the chart is clearly showing two reaction lows (Bottom 1 & Bottom 2) around the same demand zone. That’s an early stabilization signal — not confirmation, but a clue.
Right now, price is trading below the prior breakdown area (~88.3k–88.5k). This zone is the decision line.
If #Bitcoin reclaims and holds above 88.5k, the double-bottom structure activates and a relief move toward 89.5k–90k becomes very realistic. That would be a short-term green light for selective alt bounces.
If #BTC fails here and loses the 86.8k–87k base, the structure breaks down and we likely see continuation lower, with momentum shifting back to sellers.