๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐ซ๐๐๐ค๐๐จ๐ฐ๐ง ๐๐ฅ๐๐ซ๐ญ โ ๐๐จ๐ฅ๐๐ฌ $๐๐๐๐, ๐๐ฎ๐ญ $๐๐๐.๐๐ ๐๐ฌ ๐๐๐ฑ๐ญ ๐๐๐ญ๐ญ๐ฅ๐๐ ๐ซ๐จ๐ฎ๐ง๐
๐น Current Price: $108,237
๐น Trend: Short-term bearish
๐น Key Resistance: $108,500 โ $110,000
๐น Support Levels: $107,500 โ $106,500 โ $105,500
๐น Indicators: MACD bearish โ | RSI below 50 โ
๐ธ Whatโs Going On?
Bitcoin attempted to break $110K but was rejected near $109,700.
Now it's pulling back, currently trading near $108,237 after falling under the key trendline and 100-hour SMA.
A bearish trendline break occurred around $108,200. This invalidated the previous short-term uptrend.
๐ Bearish Case
If BTC stays under $108,500, pressure may build again.
Watch these levels:
๐ป $107,500 โ Minor support
๐ป $106,500 โ First major demand zone
๐ป $105,500 โ Trend-critical zone
๐ป Break below $104,200 could open path to $103,500
MACD is in the red zone and RSI remains below 50 โ bearish indicators active.
๐ Bullish Recovery Ifโฆ
If Bitcoin bounces above $108,500, the rebound may retest:
โ $109,200
โ $110,000
๐ Clear breakout may push BTC to $112,000 โ $115,000
But bulls must hold $106,500 first. A strong daily candle above $108.5K is essential for confirmation.
๐งญ What Traders Should Do
๐ธ Bulls:
Wait for a close above $108,500
If confirmed, look to ride toward $110K+
Use $107,500 or $106,500 as your risk levels
๐ธ Bears:
Look for short setups under $108,500
Target $106,500, $105,500, and below if breakdown continues
RSI/MACD currently support downside setups
๐ง Beginnerโs TL;DR
BTC failed at $110K again ๐ฌ
Now consolidating around $108.2K
$108.5K is the big line โ above it = bullish, below = bearish
Watch $106.5K โ if broken, deeper correction may follow