🚨 $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.

$BTC