🚨 Bitcoin Slides Lower as Bears Tighten Grip Amid Weak Market Sentiment

$BTC struggles to reclaim $109K, facing renewed selling pressure after testing the $106,700 zone. The short-term trend remains cautious as buyers attempt to defend key support levels.

📉 Market Overview:

Bitcoin rebounded briefly above $108,000, but sellers quickly stepped in.

Price is below $109,000 and the 100-hour SMA, signaling bearish control.

A descending channel is visible on the hourly chart with resistance near $108,800.

⚔️ Key Levels to Watch:

Resistance: $109,500 → $110,500 → $111,500

Support: $107,200 → $106,750 → $105,800

If bulls reclaim $109,500, momentum could shift toward $111K–$112K, confirming a potential recovery.

However, a break below $106,750 may invite further downside, possibly retesting $105K or even $103.5K.

💬 Market sentiment remains fragile, with traders watching for signs of ETF inflows or institutional accumulation before the next major move.

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