#BTC☀ #bitcoin☀️ Market Update: BTC/USDT

Current Price: $93,075.99

Trend: The price has significantly dropped from recent highs of $98,871.80, testing support around $91,466.52 and showing a slight rebound. However, it remains below the EMA25 and EMA99, indicating a bearish trend overall.

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Recommendation: Sell (Short-term)

Trade Setup:

Entry: $93,000–$93,100 (current level).

Stop Loss: $94,200 (above EMA99 resistance).

Take Profit Levels:

Target 1: $92,000 (next minor support).

Target 2: $91,500 (recent low).

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Reasoning:

1. EMA Analysis: Price is still under EMA25 and EMA99, confirming the bearish structure.

2. Volume: Increase in selling volume aligns with the downtrend.

3. Support Test: A break below $91,500 could lead to further downside toward $90,000.

If the price breaks above EMA99, it could signal a reversal, and this trade should be reconsidered.