📉 Bitcoin (BTC) Market Analysis

🔄 Trends and Market Structure

Breakout Situation: Dropped from $108.9K, current price around $106.6K. Sell Signal: A clear rejection signal was confirmed at $108.9K. Short-term Trend: The SuperTrend indicator has turned red, indicating a reversal in the short-term trend. Support Level: Bulls are struggling to hold the $106K demand zone.

💥 Liquidation Range

Short-term Liquidation Zone (Upper Resistance):

$107,500 – $108,200 → Rejection area and supply pressure $108,900+ → If regained, will become a re-entry point for a squeeze

Bull Liquidation Zone (Lower Support):

$106,000 – $105,200 → Volume support and local support $104,800 → Major liquidity pocket from June's breakout

📢 Market Sentiment and Summary

Under pressure in the short term, market sentiment leans bearish after the sell signal. The SuperTrend flip and lower highs indicate a shift in control. The price is closely hugging support, the structure is weak but not yet broken. Bulls need to quickly reclaim $107.2K.

🔑 Key Conclusions

Momentum has turned bearish. If it can hold above $106K, bulls may recover. If it breaks below $105.2K, downward space towards $104.8K will open up.

Stay alert and adapt to market changes! 📊💪