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$BTC /USDT Market Update

Current Price: $98,887.78 (-3.08%)
24h High: $104,085.01
24h Low: $98,000.40
24h Volume: 38,303 BTC (≈ $3.85B)

Technical Overview
BTC has broken below the $100,000 psychological level and is trading just above $98,800, showing continued bearish pressure. The chart reflects strong selling momentum after repeated rejections near $104,000, pushing price down to retest the $98,000 support zone.

EMA Levels:

EMA7: Price hovering near this level, showing short-term weakness

EMA25: Above price, acting as strong resistance

EMA99: Much higher, confirming overall bearish trend

📊 Key Levels to Watch

Resistance Zones:

$99,860 – $100,860: Immediate hurdle

$101,300: Major resistance zone

$104,085: 24h high and strong ceiling

Support Zones:

$98,000: Key support being defended

$97,696: Next major level

$95,000: Critical support if breakdown continues

Market Outlook
BTC remains under pressure after a sharp drop from $104K. Sellers continue dominating, with high volume confirming aggressive offloading. The price is currently consolidating near the lower part of the range and struggling to gain momentum.

Possible Price Scenarios:

Bounce Scenario: Recovery attempt from $98,000 support

Bearish Breakdown: A fall below $98,000 could extend the decline toward $97,696

Sideways Move: Price may range between $98,000 – $100,000 before a decisive breakout

Summary
$BTC is at a crucial technical point:

Price has slipped below the $100K psychological zone

$98,000 is the main support keeping the market stable

Strong selling volume shows increased risk of further downside

If$BTC fails to hold the $98,000 support, the market may see deeper selling pressure in the short term.
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