Today, Bitcoin (BTC) is experiencing significant downward pressure, dropping over 6% to reach a two-month low around $82,500–$83,000. The trend is technically bearish as price has broken below major moving averages (50-day and 200-day EMA). Massive ETF outflows and a "Strong Sell" signal across technical oscillators suggest that while the market is oversold, the momentum remains firmly with the sellers.

Possible Next Move: Expect a period of consolidation or a "dead cat bounce" toward $86,000 as the RSI is currently in oversold territory ($<30$). However, if $83,000$ fails to hold on a daily close, a slide toward the $80,000 psychological support is highly likely.

Today’s Market Drivers

Institutional Outflows: Spot Bitcoin ETFs recorded over $1.1 billion in weekly outflows, with major exits from Fidelity and BlackRock.

Geopolitical & Macro Stress: Rising US-Iran tensions and fears of a US government shutdown have pushed investors toward Gold, which hit record highs while BTC "the digital gold" faltered.

Trading Zones & Next Move

Professional traders are currently eyeing the following technical levels for the next move:

Zone Type,Price Range (USD),Significance
Major Sell Zone,"$91,000 – $94,000",Resistance at the 23.6% Fibonacci level and EMA50.
Immediate Resistance,"$88,000 – $89,000",Previous support turned resistance; must reclaim to stop the bleed.
Professional Buy Zone,"$79,000 – $80,000","The ""Correction Bottom"" from October 2025; a high-interest area."
Panic Support,"$74,000 – $75,000",Major demand zone from the April 2025 sell-off.
#PreciousMetalsPullBack $BTC ‌