$BTC is trading around 89,675 on the 15-minute chart after making a local high near 90,588 and getting rejected. The move down came with strong sell volume, which looks more like profit-taking after an intraday uptrend rather than panic selling. Price is currently below the short-term averages, showing short-term weakness, but it is still holding above the 99-period moving average around the 88,900 zone, which keeps the broader structure bullish. As long as price holds above the 89,000 area, a bounce and continuation toward 90,200–90,600 remains possible. A clean break below 89,000 could lead to a deeper pullback toward 88,900, which would still be a healthy retracement unless 88,500 breaks decisively.