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$BTC slips into deep pressure as the market loses its grip near 89600 and momentum turns sharply against the bulls. Price battles around 89700 with sellers building strength and the chart showing a clean series of lower highs and lower lows. The structure remains heavy as long as Bitcoin stays below the reclaimed zone at 89640. A recovery above this level can ignite a quick bounce toward 90800 and shift short-term confidence, but hesitation keeps the market fragile.
Downside pressure grows if price fails to hold above the current range and breaks under 89000, opening space for an accelerated drop toward 88300 with momentum indicators signaling exhausted buyers and expanding bearish flow. The candles show strong conviction from sellers and no confirmed reversal pattern yet, keeping the mood intense and uncertain. Traders watch for a clean reaction at the lower band to judge whether the market is preparing for a relief rise or aiming for another leg lower.
#TopGainersInADownMarket #FOMCMeetingMinutesComingUp #BitcoinPriceWatch