$BTC chart, here are key observations:

1. Current Downward Momentum: BTC has broken a short-term support level around $98,000 and is moving downward quickly. High sell volume is visible, confirming bearish sentiment.

2. RSI and Oversold Levels: The RSI on lower timeframes (like 15min and 1h) is nearing oversold conditions, which may indicate a short-term bounce or consolidation before further moves.

3. Key Support Levels:

• Immediate support lies near $97,500-$97,000, which aligns with recent lows and moving average confluence.

• A deeper support level is around $96,500-$96,000.

• If this bearish trend intensifies, psychological support near $94,000-$93,500 comes into play.

4. MACD Divergence: MACD is showing strong bearish momentum, and no clear signs of reversal are seen yet.

Strategy Recommendations:

• Short-term Trades: Consider scalp trades on breakouts or reversals near $97,000 support with tight stop-loss.

• Long-term Swing Opportunity: If BTC stabilizes at $96,500 or $94,000, accumulation opportunities may arise for upward swings.

• Short Position: If BTC breaks $97,000 decisively, consider a short with a target near $96,000 and stop-loss above $98,200.