$BTC /USDT – CRITICAL DROP HINTS AT HIGH VOLATILITY AHEAD
Bitcoin ($BTC) has slipped to $104,833, marking a 1.53% dip in the last 24 hours and nearing key support at $104,810. This decline follows its recent all-time high of $108,353, where strong selling pressure triggered a pullback. With bulls struggling to maintain momentum, BTC now hovers near its daily low, and the coming hours will be crucial: a break below $104,810 could pave the way for a sharper drop to $104,000. However, if bulls manage to defend this support, a rebound toward the $107,231 resistance zone remains possible.
Technical Analysis: Will BTC Rebound or Slide Further?
On the 15-minute chart, bearish signals dominate, with red candles outweighing green as sell pressure intensifies. Trading volume remains high at 3.28B USDT, reflecting active participation but shaky market confidence. A breakout above $105,931 could indicate bullish recovery, while failure to hold current support risks triggering a cascade of sell-offs. Bitcoin’s price is delicately poised, and volatility is increasing—stay vigilant for the next major move.