🚨 BTC ALERT 🚨

$BTC /USDT: Price Analysis and Market Overview

Bitcoin (BTC) is trading at $96,267.52, reflecting a -1.65% decline in the last 24 hours, as it moves closer to key support levels after failing to sustain recent highs.

Key Metrics

24h High: $98,270.00

24h Low: $94,150.05

24h Volume (BTC): 59,622.59 BTC

24h Volume (USDT): $5.77B

Technical Levels

Resistance Levels: $98,270.00, $104,202.50

Support Levels: $94,150.05, $89,847.50

Market Analysis

Bearish Pressure: BTC's decline suggests selling pressure near resistance at $98,270. A recovery above this level is critical to negate further bearish sentiment.

Volume Trends: High trading volume underscores active market participation, though selling pressure appears dominant.

Support Testing: The $94,150.05 level is being tested as support. A breakdown could trigger further declines toward $89,847.50.

Trading Strategy

For Buyers: Enter near $94,150.05 if support holds, targeting $98,270.00 and $104,202.50, with a stop-loss below $93,000.

For Sellers: Consider short positions if BTC fails to reclaim $98,000, targeting $94,150.05 and $89,847.50, with stops above $99,500.

Sentiment Overview

BTC's short-term trend remains bearish, with buyers struggling to regain control. A decisive move above $98,270.00 is needed to restore bullish confidence, while sustained selling may push prices closer to the $90,000 psychological level. Watch for macroeconomic catalysts and institutional activity for directional cues.

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