$BTC /USDT: Critical Reversal Signals Ahead
$BTC experienced a sharp decline to $97,959.07, despite holding a strong 24-hour gain of 3.91% earlier in the session. The price briefly touched $98,581.90 but faced heavy resistance near $99,487.99, sparking a rapid sell-off. The sudden rejection from higher levels highlights growing bearish pressure, with increased volatility in the market. With trading volume at 22,500 BTC, the activity suggests heightened trader participation, but caution is advised as the coin teeters near crucial support at $97,800.
If $BTC fails to stabilize above the $97,800 zone, further downside could test lower support levels near $97,400. On the bullish side, a strong recovery and breakout above $98,600 would indicate renewed upward momentum, potentially targeting $99,500 once again. Traders should keep a close eye on Bitcoin's (BTC) price action, as it is a key indicator of overall market sentiment. Positioning should be done with tight stop-losses to mitigate risks in this volatile environment.
