#TradingTools101

Alert – Bears Strike Again! The Downward Momentum Returns

#Bitcoin was sharply rejected from $110,530.17 and is now trading at $108,644.67, showing signs of renewed bearish pressure. After a strong rise from $105,318.37, buyers failed to hold the recent high, and now sellers are intervening aggressively.

Market Overview:

24-Hour High: $110,530.17

24-Hour Low: $107,513.43

24-Hour Trading Volume: 19,985 BTC | 2.18B USDT

Key Levels to Watch:

Support Area: $107,350 – $106,200 – If this breaks, focus should shift to $105,050 again.

Immediate Resistance: $109,644 – Bulls need to reclaim this point to avoid a deeper pullback.

Momentum Outlook: The one-hour chart candle shows strong red candles with no immediate reversal signs. If $BTC loses $107,350, expect increased selling pressure towards $106K.

What Traders Should Do:

Tighten stop losses if you are long.

Monitor the $106K area for a potential bounce or breakdown.

Negative sentiment is increasing in the short term – patience is key.