#BTC

BTC/USDT (2H) – Technical Analysis Report

Bitcoin is trading near $110,629, extending its strong bearish momentum after a decisive breakdown below the key $113,500–$114,600 support zone. The broader trend remains firmly negative, with the price staying well below the red moving average curve and resistance levels at $119,237 and $123,049, confirming sustained selling pressure.

If BTC fails to regain ground above $113,500, the next major downside targets are located at $105,090 and $103,741, where temporary buying interest could emerge. A deeper slide below $102,500 may open the path toward $101,800–$100,000, signaling continuation of the bearish leg.

In contrast, a short-term rebound above $114,600 could trigger a minor recovery toward $119,000, but such moves are likely to be capped unless Bitcoin closes decisively above $123,000. The overall bias stays strongly bearish below $114,000, with every rise likely to attract fresh selling from higher levels.

Follow for updates ...