Bitcoin: New Bearish Signal After $87.5k Rejection

Bitcoin faced a hard rejection at the yearly open Timescape R/S Flip line near $87.5k, prompting Trend Precognition to issue a fresh bearish signal on the daily chart. The indicator opened with a weak strength score of 35 before climbing to 45 after a short squeeze pushed prices to $87,272.

Traders received a clear reminder against chasing candles, with risk best managed near range boundaries. A higher high would invalidate the signal while a wick below $82.8k targets deeper support between $75k and $79k.

On the 4h chart BTC trades at $84355.48 inside Bollinger Bands with upper resistance at $89105.33 and lower support at $79855.63. Price holds above the EMA50 at $82025.3 and EMA200 at $76886.04 in a bullish structure, yet the MACD death cross at 1455.74 signals fading momentum while RSI at 54.08 remains neutral, suggesting a potential retracement toward the 50-EMA before any continuation attempt.