#BTCWhaleMovement 🧨 Bitcoin Warning: 3rd Rejection at $110K – Pullback or Breakthrough? 💥

📊 Current Market Overview

Price Pullback from $110K: BTC recently rose above $110K but was rejected for the third consecutive time, indicating resistance around that level.

Support Levels to Monitor: The rally faces selling pressure near $110–112K; the downward support lies between $105K–$108K.

🔍 Technical Indicators & On-Chain Dynamics

Short-Term Bearish Signals: RSI and MACD show bearish divergence on the intraday chart, signaling potential pullback.

Consolidation Zone: BTC is trading in a symmetrical triangle (~$108K–$110.6K), indicating market uncertainty.

Holder vs Trader Battle: On-chain data shows long-term holders are HODLing (~14.7M BTC), while leveraged traders are building positions—indicating a compressed spring scenario.

Whale Wallet Activity: Movement of 20,000 BTC (~$2B) from inactive wallets triggers fears of potential selling.

🏦 Macro & Institutional Context

Stable ETF Flows: Institutional demand remains strong—spot Bitcoin ETFs have attracted over $48B—offering a buffer against major declines.

Economic Pulse Held: Despite strong US employment data pushing yields higher, BTC remains stable, awaiting significant macro events like Powell's testimony and inflation data.

📌 Short-Term Outlook

Downside Risks: If the $110K–112K range holds, BTC could drop towards $105K–$108K—historical rejection levels indicate a potential decline of 3–5%.

Bull Case: A decisive break above $110.6K could trigger a rally towards the next resistance at $112K–$114K, supported by institutional backing.

Key Catalysts: Watch for macroeconomic data, Powell's testimony, and new whale movements that could shift the balance.

🔑 Key Price Levels to Monitor

Level Significance

$110K–$112K Strong resistance (triple top)

$108K Intraday triangle bottom

$105K Wider support zone