$BTC

The 1-hour BTC/USDT chart shows Bitcoin trading around \$108,345, slightly below the 25-hour and 99-hour moving averages, signaling mild bearish pressure. After peaking near \$109,700, BTC declined, forming lower highs and touching a recent low of \$107,429. A short-term recovery is underway, supported by the 7-hour MA, now acting as near-term support. Volume surged during the drop, indicating strong selling, but recent green candles and rising volume hint at bullish attempts. Resistance lies near \$108,800–\$109,000, while \$107,400 serves as support. The crossover of MAs and current price positioning suggest a potential consolidation or a breakout if momentum sustains.