$BTC $BTC 📊 BTC/USDT Technical Analysis – 1H Timeframe

BTC recently tested support near $106,600, triggering a modest bounce. However, price is still trading under the 20 EMA ($107,864) — indicating short-term selling pressure remains.

🔍 Highlights:

✅ Rejection at $110K zone led to fast drop

✅ Now forming potential lower high under EMA

❌ Still below key resistance = bear bias remains

📉 -2.05% 24H | 7D: +2.47% | 30D: +4.96%

💡 Outlook:

🔺 If BTC breaks above $108,500 with volume, short-term reversal likely.

🔻 Below $107K = likely continuation toward $106K and lower.

📌 Watch order flow: 63% buyers vs 37% sellers = possible short squeeze setup brewing.