**Market Overview**
1. $BTC is currently trading at $98,100**, experiencing a significant drop of -4.24% from its recent high of $102,724.38.
2. The price is below the **7-day Moving Average (MA)** ($100,489.75) and **25-day MA** ($101,490.18), indicating short-term bearish momentum.
3. The 99-day MA ($99,089.59) is also above the current price, reinforcing downward pressure.
### **Volume & Momentum**:
- A sharp increase in selling volume is observed in the latest red candle, showing strong bearish activity.
- The **MACD indicator** displays bearish momentum with the MACD line crossing below the signal line and widening downward. The histogram suggests increasing bearish pressure.
### **Key Support & Resistance**:
- **Support Levels**:
- $97,150 (recent low).
- $95,900 (next major support if the decline continues).
- **Resistance Levels**:
- $100,000 (psychological level and near 7-day MA).
- $102,724 (recent high).
### **Short-Term Trading View**:
1. **For Short Sellers**:
- Consider entering a short position if BTC fails to break above $98,750 (short-term resistance). Target the support zone at $97,150 and $95,900. Use tight stop-loss at $99,200.
2. **For Dip Buyers**:
- Look for signs of reversal near $97,150 support. Wait for a bullish confirmation (e.g., green candlestick with volume). Target $99,000 and $100,000 for a quick short-term gain.
3. **Neutral View**:
- Traders may wait for a clearer breakout from the $97,150–$100,000 range to define the next trend direction.
### **Risk Management**:
- Use **stop-loss orders** to minimize losses in case of unexpected volatility.
- Stay updated on market news and global macro trends, as they can influence BTC price movement significantly.
The current momentum suggests bearish sentiment in the short term, but quick reactions near key support zones could present trading opportunities.
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