BTC Slides 2.24% to $106,908 Amid Profit-Taking—Key Support Levels Now in Focus

Bitcoin (BTCUSDT) is currently trading at $106,908.78 on Binance, reflecting a 2.24% decrease over the past 24 hours from a 24h open of $109,353.35. The price decline is primarily attributed to short-term profit-taking following a recent rally toward $111,000, as well as weakening momentum indicators such as MACD and RSI. Additional factors include a temporary reduction in trading volume (down 8% over the past day) and a pause in large-scale (whale) accumulation, despite continued bullish sentiment from muted U.S. inflation data and expectations of potential Federal Reserve rate cuts. Overall, Bitcoin maintains a positive technical structure above key support levels, with market capitalization at approximately $2.15 trillion and traders closely monitoring whether the $105,000–$106,000 support zone will hold in the near term.