$BTC
The current BTC price is reported at 110,540.01 USDT, with a 24-hour decline of 2.42%, overall in a high-level correction phase. From a technical perspective, the coin price has encountered significant resistance around 113,692.97, while short-term support is focused on 109,274.10 (24h low point). The MACD indicator shows both DIF and DEA are negative, and the MACD histogram has expanded to -102.28, indicating that bearish momentum is still being released, and a short-term continuation of the downward trend may occur.
The trading volume is 25,119.61 BTC with a transaction value of 2.801 billion USDT, indicating high market participation, but the divergence between bulls and bears is intensifying. If the price breaks below the critical support of 109,000, it may further probe the range of 107,500-108,000; conversely, if it can stabilize at 110,000 and rebound to break through 112,000, there is hope for a retest of the previous high. Recently, it is essential to closely monitor the trends in the US stock market and changes in macro sentiment. In terms of operations, it is recommended to maintain a light position and wait for clear directional opportunities on the right side.