$BTC Current Price: $108,019 (down 3.09%)

Trend: Recent sharp drop after local high of $111,980.

Support: $108,000 (current), next at $105,000.

Resistance: $110,443 (MA7), $111,980 (recent high).

Volume: High selling volume, strong red candle.

Outlook: Short-term bearish/correction; watch $108,000 support. Recovery above $110,500 needed for bullish momentum.