#NasdaqETFUpdate

Alert – Bears Strike Again! The Downward Momentum Returns

#Bitcoin has been sharply rejected from $110,530.17 and is now trading at $108,644.67, showing signs of renewed bearish pressure. After a strong rise from $105,318.37, buyers failed to maintain the recent peak, and now sellers are aggressively stepping in.

Market Overview:

24-Hour High: $110,530.17

24-Hour Low: $107,513.43

24-Hour Trading Volume: 19,985 BTC | 2.18B USDT

Key Levels to Watch:

Support Area: $107,350 – $106,200 – If this is broken, focus should shift to $105,050 again.

Immediate Resistance: $109,644 – Bulls need to reclaim this point to avoid a deeper pullback.

Momentum Outlook: The candle on the one-hour chart shows strong red candles with no immediate reversal signs. If $BTC loses $107,350, expect increased selling pressure towards $106K.

What Traders Should Do:

Tighten stop losses if you are long.

Watch the $106K area for a potential bounce or breakdown.

Short-term negative sentiment is increasing – patience is key.