Here is a precise and concise analysis of Bitcoin (BTC) at the current price of 107,081.85 USDT:

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🔹 General Trend:

✅ The general trend is upward in the medium term, but there is currently a downward correction after failing to break the resistance at 110,000.

The price is still within an upward channel on the daily timeframe, and the pivot support is nearby.

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🔹 Nearby Supports and Resistances:

First Support: 106,000

Strong Second Support: 103,800 (potential bounce area)

First Resistance: 108,500

Strong Second Resistance: 110,000 – 111,200

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🔹 Technical Indicators:

RSI (Momentum Strength): around 48, indicating neutral and leaning towards a decline.

MACD: indicates a slight negative crossover – weakness in upward momentum.

Trading Volume: has decreased slightly, supporting the idea of a temporary pullback.

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🔹 Important Watchpoint:

If the support at 106,000 breaks with a clear close, we may see a drop towards 103,800 then 101,500.

And if it breaks 108,500 with a strong close, a new rise towards 110,000 then 112,300 is possible.

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✅ Summary:

The current situation is a temporary downward correction.

Do not enter a buy now unless there is a strong bounce from 106,000 or a confirmation candle when breaking 108,500.

If you are holding a sell position, keep the target near 104,000 and the stop-loss above 108,800.