Bitcoin ($BTC) is currently trading near $108,300, after failing to break above the key resistance zone at $109,000. The price action shows bearish signs, with sellers gaining short-term control and buyers on the defensive.

๐Ÿ” Key Technical Levels:

Resistance Zone: $108,800 โ€“ $109,000

Immediate Support: $108,000

Major Support Zone: $107,300 โ€“ $107,000

If Broken Down: Next support at $105,600

Bullish Recovery Signal: Strong close above $109,200

๐Ÿ“Š Trend Analysis:

Price is forming lower highs, a clear indication of short-term seller dominance.

RSI is neutral but leaning bearish โ€” signaling caution.

Volume is decreasing on upswings, showing weakening bullish momentum.

๐Ÿ”ฅ Todayโ€™s Trade Outlook:

๐Ÿšจ Bearish Bias:

If $BTC fails to reclaim $109K, more downside likely.

Short Setup: Entry $108,700โ€“$108,900

Target: $108,100 then $107,000

Stop Loss: Above $109,300

โœ… Bullish Bounce (High Risk):

If bulls defend $108K strongly, a reversal is possible.

Long Setup: Entry $108,000โ€“$108,200

Target: $109,000 then $110,000

Stop Loss: Below $107,500

๐Ÿง  Final Thoughts:

#BTC is at a make-or-break zone. A clean breakout above $109K can bring bulls back into power โ€” but a drop below $107K could trigger a deeper correction. Traders should stay alert and follow volume confirmation before making aggressive moves.

#BTCWhaleMovement