$BTC just went through a sharp downside wave, dropping from the $93,220 region all the way to $88,043, and now it’s trying to stabilize around $89,526. The hourly chart is still clearly bearish — MA5, MA10, and MA30 are all pointing down, showing the pressure hasn’t fully cooled yet. Buyers stepped in strong at $88,043, but the recovery so far is slow and cautious.

Right now BTC is moving sideways under the moving averages, creating a tight consolidation zone. This usually signals that a bigger move is loading.

If bulls defend the $89,000–$89,500 area, we could see a rebound toward $90,300, $91,000, and possibly $92,000 if momentum strengthens.
But if $89,000 breaks again, price could quickly revisit $88,000 or even test lower liquidity pockets.

Volatility is building, pressure is high, and the next breakout direction will decide the trend.

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