🔥 BTC under pressure! 📉

Quick look for the Asian crypto community! Bitcoin has been steadily declining since the beginning of October — surge, pullback, and another surge. A classic bear cycle. The price is once again testing the upper range of 107,600–109,500; here will determine if it's a new round of sell-off or a brief respite before the next surge.

📊 The structure remains bearish: every rebound is just a breather, not a reversal. The main support below is expected to be in the range of 103,000–101,000, where the market may search for liquidity to build strength for the next upward movement.

💭 My view: I don't believe in a quick reversal. Unless it breaks above 109,500 and consolidates, everything above is just 'catching a falling knife.' Currently, the bearish scenario is still the preferred script!

🤔 Your prediction: New sell-off or a breather rebound? Reply with “📉 Sell-off” or “📈 Rebound” + tag 2 Asian friends! The highest interactant will receive loud support!