$BTC Chart Analysis

Bitcoin is currently showing minor rejection from the $108K–$111K resistance zone, with price cooling back to $106.8K.

Price pushed into $108K, but couldn't sustain momentum

Immediate rejection candle on 15m, followed by declining volume

MA7 crossing below MA25 on 15m = short-term pressure building

Now sitting on MA200 support ($105.6K zone) — a key battleground

Scenario 1: Support Holds (Bullish Reaction)

If $105.5K–$106K holds, expect bounce attempts back to $107.5K / $108K

A reclaim of $108.3K = confirmation of buyer strength

Could lead to another test of $111K zone

Scenario 2: Breakdown Below $105.5K

Short-term momentum breaks

Next supports: $103.5K and psychological $100K

MA cluster around $104K–$105K becomes resistance

Key Levels 🔑

Support: $105.5K / $103.8K

Resistance: $107.5K / $108.3K

Invalidation: Break below $105K with volume

This move looks like a liquidity grab above $108K and a fade. Watch $105.5K like a hawk — bulls must defend it for any near-term continuation.