$BTC /USDT: Critical Breakdown with Potential Recovery Ahead .. Once Again $BTC Down to $98,000 ... A Dump hit back ..

Bitcoin ($BTC) is currently trading at $98,332 after experiencing a sharp drop from its recent high of $102,724. This sell-off pushed $BTC to a 24-hour low of $97,153, where buyers stepped in, providing temporary support. The chart highlights a significant bearish move on the 1-hour timeframe, with aggressive selling pressure dominating the session. Traders should closely monitor the $98,917 resistance level for any recovery signals, as this could trigger a short-term bounce.

Trade Setup

Best Long Entry: Above $98,917, targeting $100,960 and $102,724.

Stop-Loss (Long): $97,150 to minimize risk.

Best Short Entry: Below $97,150, aiming for $96,875 and $95,500.

Stop-Loss (Short): $98,350 to protect against reversals.

This high-volatility zone offers lucrative opportunities for both breakout and reversal plays. Stay cautious and manage your trades with strict stop-losses.