$BTC Update: Navigating a Key Support Test 🔥
Bitcoin is at a pivotal technical juncture! The BTC/USDT pair is currently trading near $106,800, reflecting a pullback of over -12% this past week . This decline follows a rejection from the recent all-time high of $126,199 .
The price is now testing a crucial support zone between $106,000 and $107,000 . Technical analysis indicates a "Hold" sentiment overall, with a "Negative" short-term outlook as the pair faces selling pressure . The key for bulls will be a strong defense of this level to prevent a deeper slide. A break below could signal further downside, while a hold here may set the stage for a new leg up .
What's your take – is this a healthy reset or the start of a deeper correction?
Are you buying this dip or waiting for a clearer signal?
👉 Like if you're holding strong | Share your analysis and next price target in the comments!