#BTC #MyCOSTrade

1. Price Drop: BTC has dropped to $101,470.86, down 2.99%, with a low of $101,369.00 in the last 24h.

2. Downtrend Confirmation:

Consistent lower highs and lower lows.

Recent sharp drop with strong red candles confirms bearish momentum.

3. Moving Averages:

MA(7): $102,151.52 (short-term MA falling steeply).

MA(25): $103,394.69.

MA(99): $104,487.64.

Price is below all key MAs → strong bearish signal.

4. Volume Spike:

Recent volume surge during the sharp drop indicates heavy selling pressure.

5. Support Level:

Immediate support at the day’s low: $101,369.00.

A break below this could lead to further downside.

6. Resistance Levels:

First resistance: ~$102,291 (recent minor bounce).

Stronger resistance near $103,400 (MA25 level).

Summary:

Trend: Bearish.

Momentum: Strong downside.

Actionable: Watch for support at $101,369; a breakdown could signal continuation. Reversal unlikely unless price reclaims above $103,400 with volume.