⚠️ $BTC Support Breakdown Bears Take the Wheel
After nearly 10 hours of tight consolidation, Bitcoin has broken below the crucial $116,000 support zone. This move signals a shift in short term momentum as bears gain control.
📉 Key Technicals:
• Immediate Resistance: $116,300
• Key Support: $112,000 $113,000
• Breakdown Confirmation: Candle closes below $115,600
Unless bulls can reclaim $116k quickly, the next major support area could come into play and buyers might step in there for a possible reversal attempt.
Bottom Line: Momentum favors bears for now. Stay cautious and watch for either a swift recovery or deeper pullback toward the lower support zone.
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