$BTC

I'm expecting more corrections in market. Everyone is on long mood again and again and market will give them a good profit soon

I see the Binance BTC/USDT daily chart . Let’s break it down with some technical updates and a possible next move expectation:

🔎 Current Market Update:

Price: 111,151 USDT

24h Range: 110,680 – 114,917

Trend (1D): Downtrend in the short term (lower highs, lower lows after 124,474 peak).

Support Levels:

Strong support near 110,600 – 111,000 (already tested).

Next major support around 108,400 – 109,000.

Resistance Levels:

Immediate resistance: 114,200 – 115,000.

Stronger resistance: 118,500 – 120,000.

📊 Indicators:

MA(5) and MA(10) show a bearish crossover (short-term weakness).

Volume: Sellers are stronger than buyers in the past few candles.

Market Sentiment: Last 30 days are negative (-4.22%), but long-term trend (180D, 1Y) is still bullish (+27% and +73%).

📌 Expected Next Move:

Scenario 1 (Likely Short-term Bearish):

If BTC breaks 110,600 support, it may fall towards 108,500 – 109,000.

Scenario 2 (Possible Rebound):

If support at 111,000 holds and buyers step in, price may rebound back to 114,000 – 115,000 range.

✅ My Take:

Short-term: Weakness still visible (downtrend pressure).

Mid-term: As long as BTC stays above 108,000, the broader bullish structure is safe.

Traders: Be cautious with leverage here—wait for either a support confirmation (bounce) or breakdown (below 110,600) for clarity.