🚨 $BTC BTC/USDT Technical Breakdown – Bearish Pressure Mounting! 📉
🔍 Market Snapshot:
Current Price: $101,434.68 (↓ 1.24%)
EMA Overview:
EMA(7): 102,901.90
EMA(25): 104,530.45
EMA(99): 99,274.22
📊 Key Insights:
Trend Direction:
BTC is trading below all major EMAs, with EMA(7) under EMA(25) — confirming a short-term and mid-term bearish trend.
Price Action:
It’s nearing EMA(99), which could act as temporary support. A breakdown below this level might trigger further downside.
Support Levels:
First: 99,274.22 (EMA99)
Then: 97,130.88
Extended: 93,246.38
💼 Trade Signal – SELL / Bearish Setup
Entry Zone: Near current price or on a slight bounce to ~102,900 (EMA7)
Stop Loss: Above 104,530 (EMA25)
Targets:
TP1: 99,274
TP2: 97,130
TP3: 93,246
⚠️ Risk Management Tip:
If BTC finds strong support at EMA(99) and forms bullish reversal candles, re-evaluate before jumping into shorts.