$BTC Bitcoin is currently trading near ~$97,000 USD, with volatility rising as the price remains under pressure.
Technical indicators on the daily timeframe are pointing toward a “Strong Sell” signal: moving averages (5-day to 200-day) are all in the sell zone.
Support at the ~$100,000 region has been tested and is under strain; falling below it could accelerate the downside.
🔍 Key strengths & risks
Strengths:
Bitcoin remains the dominant crypto asset with broad institutional awareness, which gives it structural support in the long-term.
Should key support hold, a rebound toward higher targets becomes possible if the market sentiment shifts.
Risks:
With current technicals showing a strong sell bias, momentum is weak and downside risk is elevated.
If the price decisively breaks below the ~$95,000–$90,000 zone, it could trigger more outsized moves downward.
Larger macro factors (like regulatory setbacks, interest-rate changes, or global financial stress) could weigh heavily.#MarketPullback #CPIWatch #ProjectCrypto #CryptoIn401k #GENIUSAct
