BTC/USD 1H — Current Technical Analysis Current price: ~ $86,234
Bullish scenario If BTC does: $86.2K → $86.5K → $87K breakout → $87K retest and hold then the next technical reference areas are approximately: $88K → $89K → $90K These are technical reference zones, not guaranteed targets .
Bearish scenario If BTC starts losing:
$85.5K then the pullback could extend toward: $85K → $84.5K → $84K If BTC also breaks the lower portion of the rising regression structure, then the current bullish 1H structure becomes significantly weaker. So I would not treat a simple move from $86K to $85.5K as a major reversal by itself. The candle closes and structure of the subsequent candles matter more.