Bitcoin's chart is showing some bearish pressure building up. We're seeing a fresh supply zone taking shape right now, with resistance sitting at the 94,185 level. The 200-period EMA is hovering around 95,088—that's another hurdle bulls need to crack.

If we see a dip from here, there's one support level worth watching: the 89,000 zone. That's where the 50% retracement of the recent 4-hour bullish candle lands. Could be a decent spot for a bounce if sellers push us down there. Keep an eye on how price reacts at these key levels.