⚠️ $BTC /USDT – Bitcoin Slides Below $109K, Testing Support: Bearish Momentum Building
#Bitcoin is trading at $107,832.11 (-3.30%), pulling back from recent highs and approaching the lower Bollinger Band. With MACD turning decisively negative, the market signals caution ahead of key macro triggers.
📊 Market Overview
Current Price: $107,832.11
24h High / Low: $111,530.99 / $106,800.00
24h Volume:
BTC: 31,323.49
USDT: $3.42B
📈 Technical Indicators
Bollinger Bands (20, 2)
Upper: $111,438.00
Middle: $109,004.41
Lower: $106,570.82
(Current price nearing lower band — potential short-term bounce zone)
MACD
DIF: -770.60
DEA: -622.23
MACD: -148.36
(Strong bearish crossover, downside momentum building)
📉 BTCTrade Setups
🔸 Bullish Scenario (Relief Rally)
Entry: $107,500–$108,000
Targets: $109,500, $111,000, $112,500
Stop-Loss: $106,200
🔸 Bearish Scenario (Breakdown Play)
Entry: Below $106,500
Targets: $104,800, $102,000
Stop-Loss: $108,300
⚙️ Market Analysis
✅ Strong liquidity near support
⚠️ MACD divergence confirms sell-side strength
✅ Watch for bounce at lower Bollinger Band
⚠️ Rejection below $106,500 could trigger sharp liquidation wave
All eyes on $106,500: Hold or fold?
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