$BTC
— BEARISH PRESSURE, BUT SHORT-TERM RELIEF IN SIGHT?
Bitcoin has been under sustained sell pressure, sliding below $111K with sharp red candles before a bounce attempt near $110,150. Current price hovers around $110,885 (-0.79%), showing signs of short-term stabilization.
🔑 Key Levels:
Support: $110,150 – $110,400
Resistance: $111,680 – $111,720
Stop Zone: Below $110,150
📊 Setup Insight:
BTC shows a relief bounce after a steep drop, but momentum remains fragile. A clean reclaim above $111,700 may open the door for recovery, while failure risks another dip toward $110K.
⚡ Market Outlook:
Caution is key — avoid chasing, focus on retests for clarity. Whales are active around liquidity zones.
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