🚨 BTC Slides Further — Risk Aversion Pressures Crypto! 🧊

Bitcoin is struggling to hold ground, now trading below $112,000, signaling a bearish grip on the market. ⚠️

📉 Current Outlook:

Price trades under $112,000 and the 100-hour SMA

A key downtrend line forms resistance near $111,500

Failure to reclaim $112,500 could invite deeper losses

📊 Key Levels to Watch:

🔻 Support: $110,000 | $108,800 | $108,000

🔺 Resistance: $111,500 | $112,000 | $112,500

If Bitcoin breaks below $108,800, bears may target $106,500 next.

But a strong close above $112,500 could trigger a short-term rebound toward $113,500 – $115,000. 🚀

Stay cautious — volatility remains high! ⚡

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