$BTC Rejection from Local High – Eyes on $107,300 & $110,800 Levels
BTC surged to a 24h high of $111,980 before facing a strong rejection, dropping to a low of $107,316. Current price sits at $108,552.31 (-2.35% daily), with a clear shift in momentum and a bearish MACD divergence indicating caution.
Current Price: $108,552.31
Support Zone: $107,300 – $108,000
Immediate Resistance: $109,300 – $110,800
Next Move Scenarios:
• TP1 Downside: $107,300
• TP2 Downside: $105,000
• TP1 Recovery: $110,800
• TP2 Recovery: $111,980 (24h high retest)
Technical Breakdown:
RSI (6) at 38.06, approaching oversold territory.
MACD extremely bearish at -168.35, with wide separation between DIF/DEA lines.
Volume peaked sharply on the drop, showing strong distribution.
Stochastic K/D values (K: 30.36, D: 35.53) hint at possible bottoming, but no reversal confirmation yet.
Outlook: Bearish short-term bias unless BTC can reclaim $109,300+ with volume. Watch $107,300 closely — a break below could accelerate the decline.
Buy and trade $BTC here.