Bitcoin Breaks Key Support: What’s Next?

📉 BTC/USD plunges -5.48% to 86,539, breaking below 91,000 support

🔎 Key Technical Breakdown:

Massive rejection at 91,000, flipping it into resistance.

Price is now testing the 200-day EMA (85,641) → Crucial for short-term trend.

Fib retracement levels:
38.2% @ 86,672 (in play now)
50.0% @ 79,616 (next major support)
61.8% @ 72,559 (deeper pullback scenario)

📊 Momentum Shift Bearish:

RSI at 27.26 → Deeply oversold (potential short-term bounce?)
MACD accelerating downward → Bearish confirmation.

⚠️ What’s Next?

Bulls must hold the 200-day EMA or risk a drop toward 79,616 (50% Fib).
A recovery above 91,000 would be needed to shift sentiment bullish again.

Critical moment for BTC – will buyers step in here?

📌 Watching reaction at 86,500-85,600 zone closely.

- MW