Bitcoin on the Brink

🟡After falling below the support level of $105,500, Bitcoin tested the $103,200 mark, where it formed a local bottom. Since then, the price has been attempting a recovery, reclaiming $105,000 and the 100-hour moving average. However, the market remains cautious, as the key resistance around $107,000 has yet to be broken.

🟡If BTC manages to consolidate above $107,800, a rally toward $109,000 or even $110,000 is possible. Otherwise, selling pressure may intensify, with a risk of retesting $103,200 or lower. Both RSI and MACD indicate a slowdown in momentum, suggesting the current recovery may lack stability.