Market Update: $BTC / USTD

$BTC has experienced another sharp decline, currently trading at approximately $107,403.81, reflecting a 2.13% drop for the day.

Despite this volatility, the $106,000 support level has proven resilient, with bulls stepping in to defend this zone multiple times, effectively pushing the price back up after each test.

Market Recap

24h #high : $109,284

24h #low : $106,769.43

Key Support Zone: $106,000 (tested 3–4 times)

Trading volume remains robust at 15.4K #BTC , indicating strong market interest. However, the price action is struggling to regain bullish momentum above the $109K resistance level.

If the bulls can maintain the support at $106K, we may witness another short-term bounce. Conversely, a breakdown below this level could lead to deeper retracement levels.

Key Levels to Watch

Support: $106K (critical for maintaining bullish structure)

Resistance: $108K (key breakout point)

The next few candles will be crucial for determining the market's direction. Traders should remain vigilant and ready to adjust their strategies based on price action around these key levels.

Trade here $BTC :)