$BTC /USDT Update: Testing Key Support Amid Volatility
Bitcoin ($BTC) has dropped 4.48%, hitting a 24-hour low of $101,481 after a sharp decline from its recent high near $105,350. This move underscores significant bearish momentum. A confirmed break below this critical support could drive prices down to $101,200 or even lower. However, if bulls defend this level, a rebound toward $102,692 is possible, with the potential to reclaim resistance at $104,118.
Traders should exercise caution in this volatile market. Volume spikes could signal either a continued drop or a sudden reversal. Risk management is essential鈥攖ight stop-losses and close monitoring of price action around key levels can help safeguard profits. BTC is at a pivotal juncture, with a decisive move likely to occur soon.