$BTC /USDT: Key Reversal Signals to Watch
$BTC recently saw a sharp drop to $98,123.05 after a strong 3.91% gain earlier in the session. The price briefly touched $98,581.90 but faced significant resistance around $99,487.99, leading to a rapid sell-off. This rejection from higher levels suggests increasing bearish pressure, and market volatility is rising. With a trading volume of 22,500 BTC, there's noticeable trader activity, but caution is needed as approaches critical support at $97,800.
If $BTC fails to hold above $97,800, further declines could test support around $97,400. On the bullish side, a breakout above $98,600 could signal a potential recovery, targeting $99,500 again. Traders should monitor $BTC’s price closely, as it reflects broader market sentiment. Tight stop-losses are recommended to manage risks in this volatile market.