Bitcoin is still hovering around $84K, but the price action is becoming increasingly interesting after the rejection from $87K. BTC has now spent several days consolidating around the $83K–$85K region without giving back the majority of its move from the mid-$70Ks. For us, that’s the key takeaway. The market is absorbing the rejection rather than immediately collapsing, but buyers still haven’t shown enough strength to reclaim the recent highs. We’re watching $85K as the first sign that momentum is returning. Above that, $87K remains the major hurdle. A clean break and hold above it would significantly improve the structure. On the downside, $79.5K is the level we continue to care about most. That was the key breakout area before the move higher, so holding it would keep the broader structure intact. For now, we’re watching the range rather than forcing a direction. $87K is the ceiling. $79.5K is the structural floor. The next decisive move outside this range should give us a much clearer picture of Bitcoin’s next major move.