📊 #BTC continues to struggle at the $114K level — a key make-or-break zone into the weekly close.
🔑 Key Highlights:
$114K acts as major short-term resistance. A daily or weekly close below this level could confirm downside continuation.
Analysts flag local support between $109.8K – $111.9K. Dropping lower risks weakening the overall market structure.
Exchange data shows bid liquidity lining up at $112.9K, cushioning BTC’s latest dip.
Despite a new US–EU trade deal, markets remain muted. S&P 500 and Nasdaq continue ranging.
Rate-cut bets for September are fading. Fed Chair Powell’s Jackson Hole speech on Friday could reset market sentiment.
🗣️ Rekt Capital: “Bitcoin is clearly rejecting ~$114K resistance. Losing it convincingly could trigger more downside.”
🗣️ Daan Crypto Trades: “Anything lower than $109.8K risks looking structurally weak.”
⚡ What’s next?
👉 All eyes on weekly close relative to $114K + Powell’s Jackson Hole speech. Macro + technicals may align to define Bitcoin’s next big move.
#Bitcoin #crypto #BTC #markets #CryptoRally
