Technical Analysis $BTC /USDT

Based on the presented chart, here is the analysis of support and resistance:

Resistance Levels

R1: $91,626.75 - Immediate resistance and recent peak formed before the sharp drop. This is the most critical level in the short term.

R2: $89,277.88 - Intermediate resistance that coincides with the previous consolidation area.

R3: $90,602.88 - Resistance zone where the price faced selling pressure previously.

Support Levels

S1: $85,604.00 - Critical support and minimum in 24h. This is the most important point to watch, as its loss could accelerate the decline.

S2: $85,302.86 - Secondary support just below the current minimum.

S3: $83,000-84,000 - Projected support zone should the price break the current minimum.

Technical Indicators

MACD: -34.34 (bearish divergence, selling momentum)

DIF: -185.15 (strong selling pressure)

DEA: -150.81

The moving averages are in a bearish configuration, with the price below the 7, 25, and 99 period MAs, indicating a negative short-term trend.

Current Scenario

BTC/USDT is down -5.79% and needs to recover $87,000-$88,000 to alleviate selling pressure. The break of $85,604 could lead to a continuation of the decline.