$BTC Market Update — Sharp Breakdown From $100K Zone

BTC

95,855.34

-1.08%

Bitcoin (BTC) has faced strong rejection from the $100,000 psychological zone, triggering a sharp intraday sell-off. On the 15-minute chart, BTC formed consecutive lower highs before a heavy red candle broke below the key $98,000 support level.

This breakdown confirms increasing bearish momentum, with sellers taking clear control of short-term price action. BTC is currently trading around $96,362, down –3.61%, signaling continued weakness as the market searches for deeper support levels.

Short-Term Setup

Analysts highlight the following bearish trade levels:

Entry Zone: $97,800 – $98,300

Target 1: $96,500

Target 2: $95,400

Target 3: $94,600

Market sentiment remains bearish unless BTC reclaims the $98K level with convincing volume.