#MarketGreedRisingBTC/USDT is at $117,888.66, down 3.23% in 24h, with heavy selling after peaking at $124,474. Price is near the lower Bollinger Band (117,011), suggesting oversold conditions but still under bearish pressure. Volume spiked on the drop, showing strong seller control. Immediate support lies near 117,000, with further risk toward 115,800 if it breaks. Resistance sits around 120,150. Short-term momentum is negative, so buying now carries risk unless a reversal signal appears. Long-term holders may consider small accumulation during dips, but traders should wait for stabilization. Market sentiment is cautious, with potential for more volatility in the coming sessions before a clearer direction emerges.
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