$BTC /USDT – Rejected at $109K as Bears Regain Control
Bitcoin faced a sharp rejection near the $109,000 resistance zone during its latest breakout attempt, briefly reaching a 24-hour high of $108,952.38 before retracing to $106,682.71. This pullback signals short-term selling pressure as bears step in.
Despite a strong 24-hour trading volume of 15,758.75 BTC and $1.69 billion USDT, momentum has shifted, with $109K now clearly acting as a major resistance level. Bulls will require increased volume and buying pressure to challenge and break above this threshold.
Key Levels to Monitor:
🔺 Resistance: $108,952 – $109,175
🔻 Immediate Support: $106,200
🛡️ Major Support Zone: $105,250 – $104,500
Market Outlook:
If Bitcoin can maintain support above $106,200, another test of the $108K–$109K region is possible. However, a drop below $105,000 could open the door to a deeper correction. Bulls must reassert dominance quickly to prevent further downside.
Trading Note:
Exercise caution, manage risk effectively, and wait for confirmation of support or reversal signals before entering new long positions.