Current Price: \sim\$109,672
The Bitcoin price is currently in a balancing act after a deep retracement from \sim\$126,000.
Key Resistance: $111,190. A break here confirms a stronger recovery.
Key Support: $108,565. Losing this level could trigger a move down towards $103,000.
Indicators: The RSI is neutral (56.02%). However, the price is currently trading below the short-term MAs, indicating underlying weakness despite recent green candles.
Actionable Insight: Watch for a decisive move above $111,190 or a breakdown below $108,565 to confirm the next direction.
