The market is under pressure as Bitcoin lost the key $110K level, raising concerns of further selling. However, with major institutions continuing to hold over 1 million BTC, long-term confidence remains intact.
On the 12H chart:
Current price: 111,265 USDT
Near resistance: 112,300 USDT (aligned with EMA34 – 111,794 and EMA89 – 113,283)
Key support: 108,000 USDT, a level likely to provide buying interest
Main scenario:
In the short term, BTC may continue to face selling pressure, testing the 108,000 USDT support before stabilizing.
In the medium term, if this level holds, the price could rebound back toward 112,300 USDT, and potentially break out of the descending channel to the upside.
👉 Overall outlook: Short-term bearish → Neutral → Slightly bullish in the future.
On the 12H chart:
Current price: 111,265 USDT
Near resistance: 112,300 USDT (aligned with EMA34 – 111,794 and EMA89 – 113,283)
Key support: 108,000 USDT, a level likely to provide buying interest
Main scenario:
In the short term, BTC may continue to face selling pressure, testing the 108,000 USDT support before stabilizing.
In the medium term, if this level holds, the price could rebound back toward 112,300 USDT, and potentially break out of the descending channel to the upside.
👉 Overall outlook: Short-term bearish → Neutral → Slightly bullish in the future.
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.