$BTC
/USDT is currently trading at *111,261.29*, reflecting a *+1.18%* gain in the last 24 hours. However, the chart indicates a *strong intraday downtrend*, with the price falling consistently from a 24h high of *113,384.62* to a low of *109,329.12* before a slight rebound. The current price remains *below the 60-period moving average (MA60) of 112,629.58*, suggesting *continued bearish momentum*. The slope of the MA60 is downward, reinforcing short-term selling pressure. Volume has seen occasional spikes, especially during the dips, indicating strong selling activity, although a slight volume drop at the current level hints at temporary stabilization. To regain bullish strength, BTC must break back above the 112,600 resistance area with strong volume. Otherwise, it risks retesting the support near *109,300*.
