🔸$BTC PRICE UPDATE AND TRADING SIGNAL
Bitcoin's Struggle at Key Resistance After an attempt to break through the $115,700 resistance level
🎯Next Target 111900
🔸This pullback highlights the ongoing challenges for the cryptocurrency as it remains tightly correlated with the traditional U.S. stock market, which is now in a correction phase.
🔸Support Levels to Monitor
Traders and investors should keep a close eye on the following critical support levels:
▫️111900 The first major support zone. A drop below this level could signal further downside.
▫️108000-107000 The next key area of support if selling pressure intensifies.
📊 Market Caution Advised
The current market environment underscores the persistent influence of traditional financial markets on cryptocurrency movements. With the stock market undergoing a correction, Bitcoin and other digital assets may face continued volatility. Analysts recommend caution and careful risk management in the coming days.
🔸Final Thoughts
While Bitcoin's long-term prospects remain strong, short-term price action is heavily tied to broader market trends.
Traders should stay vigilant and monitor both technical levels and macroeconomic developments for clues on the next directional move.
⚠️ This Post is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
