Bitcoin is under heavy pressure once again, dropping sharply to $115,500 and showing no signs of a strong bounce so far. The market is clearly bleeding, and short-term sentiment remains firmly bearish.
Current Price: $115,250 (▼ 2.5%)
Support Level: $115,000 — key to watch
Resistance Zone: $118,000
Trend Bias: Bearish (Lower lows forming on the 1H chart)
If Bitcoin fails to hold the $115K support, the next critical zone sits near $113,800, which could be tested quickly in a continuation move. Any real recovery from here would need a decisive reclaim of $117,000+ with strong volume — otherwise, bulls remain on the back foot.
This is a high-risk trading zone with potential volatility ahead, especially as macro sentiment remains uncertain and eyes stay glued to the FOMC Meeting and broader market reactions.
📉 Stay cautious. Protect your capital.
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