Bitcoin has broken down from its consolidation range after rejecting the $117K resistance and forming a clear lower high. The sharp selloff has dragged price back toward the $111K support zone, which also aligns with the Fibonacci golden pocket.
💠 BTC
Price: $112,437.1
Change: -2.57%
Holding above this area could trigger a short-term rebound, but the structure remains fragile. If $111K fails, the next key support sits at $108K, pointing to deeper downside risk.
🔻 Risks:
A breakdown under $110K confirms bearish continuation toward $108K.
Market sentiment around Fed policy could accelerate volatility.
Only a sustained break back above $116K would negate the bearish setup.
#MarketPullback
⚠️ Trade at your own risk 👍$BTC
💠 BTC
Price: $112,437.1
Change: -2.57%
Holding above this area could trigger a short-term rebound, but the structure remains fragile. If $111K fails, the next key support sits at $108K, pointing to deeper downside risk.
🔻 Risks:
A breakdown under $110K confirms bearish continuation toward $108K.
Market sentiment around Fed policy could accelerate volatility.
Only a sustained break back above $116K would negate the bearish setup.
#MarketPullback
⚠️ Trade at your own risk 👍$BTC