$BTC #BearishAlert

BTC Market Outlook: Bearish Bias

1. Price Action & Short-Term Trend:

Bitcoin (BTC/USDT) is currently trading at $103,460.02, reflecting a 24-hour decline of 2.54%. Over the past day, BTC has shown a downward trajectory, with the price marking a high of $106,313.12 and a low of $103,068.55. The intraday structure suggests sustained selling pressure and fading bullish momentum.

2. Moving Averages (MA) Analysis:

MA(7): $103,809.60

MA(25): $104,899.88

MA(99): $107,381.34

The current price is trading below the 7-day, 25-day, and 99-day moving averages, reinforcing a short- to medium-term bearish trend. The distance from the longer-term MA(99) highlights continued weakness in broader market sentiment.

3. Technical Pattern:

The chart reflects a pattern of lower highs and lower lows, a classic indicator of a bearish trend continuation. There’s no immediate sign of reversal, and momentum indicators would likely confirm bearish dominance if included.

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Conclusion:

All key indicators — price action, moving averages, and trend structure — point toward a bearish market outlook for BTC in the near term. Until BTC reclaims key moving averages or establishes a higher low, bearish sentiment remains in control.

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