๐ธ๐ฅThe $BTC /USDT chart exhibits a clear bearish momentum in the short term, with the current price hovering around $92,877.01, reflecting a 1% decline. The daily candlesticks show continuous pressure below the moving averages, with the 20-day Bollinger Bands indicating a price squeeze near its lower band. This suggests weakening momentum and potential further downside unless key support levels hold.
The 24-hour high and low indicate significant price fluctuations between $95,024.50 and $91,530.45. Volume data points to declining buyer activity, with the MACD showing bearish divergence as the MACD line remains well below the signal line. The DIF value of -729.38 further supports bearish sentiment, while the RSI indicates the market is nearing oversold territory.
For traders, itโs crucial to monitor the immediate support level near $90,500. A breach below this could accelerate selling pressure toward $88,300. Conversely, resistance lies around $98,700, and any breakout above this level may signal a trend reversal. Deploy tight stop losses and consider short positions unless bullish confirmation appears.
