$BTC / Downward decline under pressure near $108,474

Currently trading at $108,474.22, experiencing a slight decline of -1.07% over the past 24 hours.

- Resistance level: A strong resistance area around $110,000 - $110,500, which has limited recent gains.

- Support level: Immediate support near $108,250 - $108,000, which is crucial for maintaining upward momentum.

-Bullish scenario: Holding support around $108,000 and breaking above $110,500 could reignite upward momentum towards $112,000 - $115,000.

-Bearish scenario: A break below $108,000 could lead to a deeper correction targeting $105,000 or lower support levels.

Monitor the critical support at $108,000 and resistance near $110,500 to anticipate the next directional move in this highly liquid market.

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