#cryptotradingpro

🚨 $BTC slips below $117.5K as traders warn of potential further drops. 📉

🔑 Key insights:

• Failure to reclaim $120K may trigger a decline to $111K or even $108K.

• Whales are selling at local highs, adding resistance to upward moves.

• Short-term holder cost bases at ~$115.7K and ~$105K could act as strong support.

• Positive signs: US job openings and consumer confidence data support risk assets, with no major profit-taking signaling investor confidence.

📊 Stay cautious—watch $116.75K for support or a possible slide to $110K. Conduct your own research before trading!