📊 Bitcoin Rejection Signals Deeper Pullback | Critical Support Zones Emerge

Bitcoin (BTC) is facing serious technical headwinds at current levels around $87.64K. The repeated failures to sustain above the key trendline have created a bearish pattern, signaling that sellers remain in control. With the price already dipping below the $90K psychological barrier and the $92K CME gap filled, the question isn’t whether consolidation will occur—it’s how deep the correction will run.

The Technical Setup

The bearish structure is becoming increasingly clear. After struggling against upper resistance, BTC has carved out a breakdown that confirms distribution pressure. A temporary rebound from current levels is entirely possible, but the charts suggest this isn’t the capitulation event traders should be accumulating into just yet.

Key Price Targets to Watch

The downside path reveals two critical support zones:

• $88K level — Represents approximately -30% decline from recent highs, a typical first flush target
• $77K zone — This is where institutional players like Michael Saylor have historically stepped in as major buyers

The Accumulation Opportunity

Rather than catching falling knives immediately, the smart money appears to be positioning for a deeper discount. The $88K–$77K range is shaping up as the genuine bottom-hunting zone where serious accumulation could begin in earnest.

What’s Next?

Bitcoin likely needs one final wave of selling pressure to shake out weak hands before the next sustained uptrend emerges. This isn’t bearish sentiment—it’s bearish structure. And structure often precedes the most explosive recovery moves.

Stay vigilant on these levels. The opportunity window is approaching.

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