BTC Drops Below Key Levels – Eyes on $99,700 Next?

Bitcoin is currently trading at $103,489, holding above the minor support of $102,100, but the overall structure is still leaning bearish. After getting rejected from the $106,500–$109,000 zone, BTC has been forming lower highs under a clear descending trendline.

The daily candle has yet to reclaim the broken support zone, and if the current pressure continues, we may soon see a **drop toward the next major support around $99,700**.

### Key Levels:

* **Resistance**: $105,663 and $109,226

* **Immediate Support**: $102,100

* **Next Major Support**: $99,700, followed by $98,537

The previous bounce from $102,100 gave bulls some hope, but the volume doesn’t reflect strong buying conviction. With lower highs and consistent sell volume, the probability of a retest near $99,700 is growing.

If BTC closes below $102,100, this would confirm a breakdown from the consolidation zone and increase bearish pressure. The next demand zone lies between $99,700–$98,500, which could serve as a short-term bottom or a strong accumulation range.

### What Should Traders Do?

* **Short-term traders**: Stay cautious. Don’t long until BTC reclaims $105,600 with volume.

* **Buyers waiting to accumulate**: Consider setting alerts or limit orders near the $99,700–$98,500 zone.

* **Breakout traders**: Watch for a move above the descending trendline to flip bias.

BTC is showing signs of weakness, but **macro structure is still intact**, and strong demand may kick in near the $98K–$99K levels if tested.

### Final Thought:

It’s not yet time to panic—but it is time to be cautious. If BTC loses the

$102K support, all eyes should shift to $99,700 as the next likely landing zone. Stay patient, and don’t trade without a plan.

Are you buying the dip or waiting for lower levels?

#Bitcoin #BTCUpdate #CryptoAnalysis #SupportZone