#GovShutdownOfficiallyEnded $BTC Market Update 🔴

Current Price: $99,265.91 (-2.77%)
Key 24h Statistics:
· 24h High: $104,085.01
· 24h Low: $98,000.40
· 24h Volume: 38,066 BTC ($3.84B)
Technical Analysis Overview
$BTC is experiencing a sharp decline, breaking below the critical $100,000 psychological level and testing major support near $98,000. The price is now battling at the EMA7 level with heavy selling pressure.
· EMA7: $99,063 → Price testing this level
· EMA25: $101,320 → Resistance above
· EMA99: $103,678 → Major resistance above
Critical Price Levels
Resistance:
· Immediate: $100,860
· Strong: $101,320 (EMA25)
· Major: $104,085 (24h High)
Support:
· Immediate: $98,000 (24h Low)
· Strong: $97,633
· Critical: $95,000
Market Outlook & Price Action
BTC shows clear bearish momentum with several concerning technical signals:
· Sharp Decline: -2.77% break below $100,000
· Massive Volume: $3.84B confirms institutional selling
· Critical Support Test: Battling at $98,000 absolute support
Trading Scenarios
Oversold Bounce:
Technical rebound from$98,000 support
Bearish Continuation:
Break below$98,000 could trigger drop toward $97,633
Sideways Battle:
Range formation between$98,000-$100,860
Summary
BTC is in an extremely critical technical position:
1. Broken psychological $100,000 support
2. Testing absolute critical support at $98,000
3. Massive selling volume indicates panic liquidation
The defense of the $98,000 level is absolutely crucial. A breakdown here could trigger accelerated selling toward the $97,633 support and potentially lower.
$BTC is at a major psychological and technical breaking point. Watch the $98,000 level as absolutely critical support - a breakdown here could trigger panic selling and significantly lower prices in the short term.