Quick analysis of Bitcoin movements
The current price is around $110,040. With relatively weak trading volume compared to the last week → the market is not set up for very violent movements right now.
Momentum: Neutral to slightly negative (RSI indicator close to 58 with a gradual decline in buying momentum)
Price movement expectations over the next 24 hours
📈 Positive scenario (probability ~20%)
If a stimulating news or higher liquidity appears, Bitcoin may test the current resistance at $110,000 → $112,000. In this case, we might see another failed breakout attempt if there is not strong support from volume.
📉 Negative scenario (probability 65%) — currently the most likely
Gradual decline with the liquidation of leveraged positions (leverage washout). Corrective target within 24 hours $105,500 → $104,000. Nearest support: $105,000 — monitoring it is essential.
➡️ Sideways scenario (probability ~15%)
Sideways movement between $106,000 ↔️ $109,000. This often occurs on days of weak trading volume.
✅ If you are a short-term trader (day trader)
Selling opportunity on rebounds to the level of –$110,000. Taking profits at $105,500–$104,000
✅ The correction is a buying opportunity if the price approaches $103,000 over the coming days.
Summary of my personal estimate
I strongly expect that Bitcoin will trade below the current level in the coming hours, with the possibility of touching $105k before the end of tomorrow's session unless an unexpected catalyst appears.
And this is of course just an opinion, not financial advice