Bitcoin Price Trend Analysis: Will it drop below $110,000 or rebound to $115,000?

1. Key Price Range: Currently between the support level of $110,000 and the rebound level of $115,000. Dropping below $110,000 may trigger accelerated selling, while rebounding to $115,000 could attract new buying interest. The trend in the coming days is crucial.

2. Impact of Major Shareholder Selling: Earlier this week, BTC fell from $115,000 to below $112,000, with trading volume surging to $66 billion; Glassnode data shows that “whales” holding over 10,000 BTC are aggressively selling, leading to a decrease in supply from long-term holders.

3. Trend Outlook: Overall bearish sentiment, although bulls attempted to push back, the weekly Bollinger Bands are narrowing, and Chainkin's capital flow has declined. There may be a long-term bearish trend, with a short-term possibility of dropping to the lower Bollinger Band; however, BTC remains in a bullish range, and after a slight pullback, a strong rebound is expected. $BTC