Bitcoin Rejected at $110K — Bulls Facing New Resistance 🚨

$BTC attempted a rally but got rejected near $110,000 and is now slipping again.

Currently trading below $108,500 and the 100-hour SMA, with downside pressure increasing.

📉 A key bullish trendline was broken near $108,200, and BTC dropped as low as $107,674.

Immediate resistance now sits at $108,150, with the 23.6% Fib retracement of the recent decline close by.

⚠️ Critical Zone:

• Resistance: $108,500 (50% Fib level)

• Support: $107,500 → $106,500 → $105,500

• Break below $106,500 could accelerate losses to $104,200–$103,500

📈 A close above $108,500 could send BTC back toward $110,000, then possibly $112,000–$115,000 if momentum builds.

🔧 Technical Outlook:

• MACD: Gaining bearish strength

• RSI: Below 50, showing weakness

Will bulls recover, or is more pain ahead?

#TrumpTariffs #BTCWhaleMovement #OneBigBeautifulBill $BTC