Based on the BTC/USDT price chart (1-hour timeframe), here is a brief technical analysis:

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🧾 Market Summary

• Current price: 99,580.01 USDT

• 24h volatility: Decrease -3.72%

• 24h highest price: 103,776 USDT

• 24h lowest price: 99,400 USDT

• 24h trading volume: 22,675 BTC (~2.31 billion USDT)

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📉 Technical Analysis

1. Short-term price trend:

• BTC is sharply declining in the most recent session with 2 consecutive long red candles.

• The most recent candle touched a low of 99,400, close to the 24h lowest level → strong selling pressure.

2. Moving Averages (MA):

• MA(7): 101,907

• MA(25): 102,427

• MA(99): 103,882

=> Price is below all 3 MAs → the market clearly shows a downtrend.

3. Volume:

• Volume spiked during the strong decline candle → a sign of large-scale liquidation.

4. Market sentiment:

• Selling ratio accounts for 94.62% → Investors are extremely pessimistic and fearful.

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📌 Conclusion:

• BTC is breaking short-term support, with high selling volume, and downward pressure continues.

• If the price breaks below 99,400, it could slide deeper into the 98,000 - 97,000 range.

• Nearby resistance: 101,500 - 102,700 USDT.

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⚠️ Strategy suggestions:

• Scalping/Intraday: Prioritize short positions if the price does not recover quickly.

• Swing trader: Wait for the price to reach stronger support before buying the dip.