Bitcoin is trading around $104,800 today, down nearly 2% amid ongoing geopolitical tensions and market-wide liquidations.
After dropping to an intraday low near $103,000, BTC is struggling to reclaim the $106,000 level.
Over $1.1 billion in leveraged positions were liquidated, adding to the selling pressure.
Technical indicators like RSI and MACD show bearish momentum, with key support at $102,500. If bulls defend this zone, a rebound toward $108,000 is possible.
However, further downside may follow if support breaks. Overall, the trend today remains weak and volatile, with global news heavily influencing short-term movements in the crypto market.
Traders should watch volume closely.
