$BTC btc /USD Update — Sudden Plunge to $105,213

Timeframe: 15-minute | Trend: Bearish Correction

🔍 Technical Overview:

Current Price: $104,996 (down 2.44%)

24h Range: $102,664 – $107,966

Trading Volume: 3.05B USDT — indicating strong selling pressure.

Moving Averages:

MA(5): $143.41 — sharply declining

MA(10): $208.04 — crossing below MA(5), signaling bearish momentum

MA(99): $104,996 — now acting as resistance

Candlestick patterns show lower highs and lows, with sizeable red candles confirming the ongoing correction.

🔑 Key Zones:

Support: $104,118

Break below $104,800 could trigger a rapid move toward $102,600.

📈 Short-Term Outlook:

If $104,800 breaks, expect a swift decline to $102,600.

If prices stay above $105,200, a bounce to $106,000–$106,400 is possible, but only if volume turns bullish.