$BTC is currently trading inside a descending channel, signaling a potential bearish continuation toward the $107,500 zone if support levels fail to hold.
๐ Technical Breakdown:
The pattern suggests sustained selling pressure, with lower highs forming a clear downtrend. A breakdown below key support could accelerate the move.
โ ๏ธ Trader Sentiment:
Bulls are struggling to regain control as traders closely watch major support near $110,000. A confirmed breakdown could trigger stronger downside momentum.
๐ Key Levels to Watch:
Resistance: $115,000 โ $118,000
Support: $110,000 โ Target $107,500
๐จ Disclaimer: This content is for informational purposes only and should not be taken as financial advice. Always DYOR before making any investment decisions.