Bitcoin’s Technical Cross Turns Bearish — Eyes on 99,700 Support Zone

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Market Overview​

Bitcoin (BTC/USD) is facing renewed downside pressure as risk sentiment weakens across broader markets. The pair recently failed to sustain momentum above the weekly resistance zone, prompting a bearish crossover confirmation on short-term moving averages. The setup suggests the potential for a deeper correction if buyers fail to reclaim key support areas.

Strategy: Moving Average Crossover (Fallback)
Bias: Mildly Bearish

Technical Analysis​

• Entry Price: 103,079.75
• Stop Loss: 105,322.68
• Take Profit: 99,715.37
• RSI (14): 50.0 – Neutral, showing lack of directional conviction.
• MACD: Flat, indicating momentum remains muted.

Price action is hovering near the midrange of its recent consolidation band. The immediate resistance near 105,000–105,300 aligns with the short-term moving average cluster, reinforcing the bearish bias. On the downside, a sustained break below 101,000 could open the door for an extended move toward 99,700, marking the next significant support zone.

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Fundamental Context​

BTC continues to exhibit heightened volatility as global risk sentiment fluctuates. Traders are reacting to mixed macro cues — resilient equity indices versus persistent rate uncertainties. The current setup implies traders are cautious, with reduced conviction among bulls. Institutional flow data also suggest a rotation away from high-beta assets amid fading liquidity conditions.

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Trade Outlook​

The bias remains bearish as long as BTC/USD stays below 105,000. The Moving Average Crossover strategy signals continued downward momentum toward 99,700, where partial profit-taking could be considered. Any rebound above 105,300 would invalidate the short setup and shift bias to neutral.
Summary Target: 99,700 Zone (Short-term Support)

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Disclaimer​

This analysis is for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. Trading cryptocurrencies involves significant risk, and you should only trade with funds you can afford to lose. Always conduct your own analysis or consult with a qualified financial advisor before making investment decisions.