🟩Bitcoin’s price is once again under pressure after failing to break above $107,500. The inability to sustain gains beyond the key Fibonacci zone and resistance near $108,000 signals a short-term exhaustion of demand. On the daily chart, BTC maintains a neutral-to-bullish structure, staying above the $105,889 support level, but the momentum is clearly fading.
🟩Technical indicators point to growing uncertainty: Bollinger Bands are narrowing, while both the Supertrend and Parabolic SAR have shifted to bearish mode. A close below $105,500 could open the door to a decline toward $103,200. The $105,500–$107,500 range remains pivotal — a breakout in either direction is likely to define the next move.