Market Overview:
BTC/USD is trading near $110,700, failing to hold above the $113,000 resistance and the EMA (144). The bearish momentum inside the range suggests a higher risk of a downside breakout.
Technical Signals:
Rejection from $113,000.
Price remains below EMA (144), confirming seller dominance.
Next support zone lies at $107,000–106,000.
Key Levels:
Support: $107,000 – $106,000 – $103,000
Resistance: $113,000 – $116,000
Scenario:
Main: decline towards $107,000–106,000.
Alternative: breakout above $113,000 could push BTC towards $116,000.
Conclusion:
Bitcoin remains under selling pressure. As long as the price stays below $113,000, the bearish outlook dominates.
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