$BTC

Short-term analysis for BTC/USDT pair

Bitcoin faced short-term rejection from the 111,980 USDT mark, leading to a decline to around 102,500 USDT, down 2.42% over the past 24 hours. The recent break below the middle of the Bollinger range and support area indicates the possibility of continued downward pressure. $BTC

With a 24-hour low near 100,372 USDT and major support around 98,000 USDT, bulls need to defend these ranges to prevent deeper corrections. Keep a close watch — a rebound here could push for a new upward move, while a breakdown could open the way towards 90,000.