$BTC Key Levels Watched:
Current Resistance:
The price recently hit 99,588 USDT, where it was rejected. This is an important resistance level.
Immediate Support:
The price is close to the 7-day moving average (95,880). If BTC loses this level, the next relevant support would be:
87,079 USDT (25-day moving average).
Further below, 72,596 USDT (99-day moving average) is located, a strong support zone.
Key Indicators:
MACD:
The histogram is showing signs of weakness, with a bearish crossover on the way, suggesting a loss of momentum.
Declining Volume:
Volume in green is decreasing, indicating less strength from buyers to hold the current price.
RSI (not fully visible):
If the RSI is close to overbought levels (>70), it could reinforce the correction scenario.
Possible timing of the drop:
If BTC breaks the support at 95,880 USDT with an increase in selling volume, it is likely to start a correction towards 87,000 USDT or lower. Also watch the performance near 99,588 USDT; if it fails to overcome this resistance, a pullback will become more likely.