🚨 $BTC Under Pressure: The $107K Level

Bitcoin is showing serious weakness right now, and the daily chart is making it pretty clear where we're headed next.

What's Happening Right Now

$BTC just broke below a critical support level around $109,835 (middle Bollinger Band), and that's a big deal. This line held the price up multiple times before, but now it's flipped into resistance. We're currently sitting at $107,246—down 3% in the last 24 hours.

The Chart Is Speaking

Looking at the Bollinger Bands, we can see Bitcoin got rejected hard from the upper band around $126,164 back in October. That failed breakout triggered this entire downward move. Now we're squeezing toward the lower band at $105,466, which is likely our next support test.

Momentum Check

The RSI(6) at 32.7 is screaming bearish. We're approaching oversold territory, which *might* give us a short-term bounce—but don't mistake relief for reversal. The selling pressure is real, and the trend remains firmly down.

What's Next?

All eyes on that $105,466 support. If we break below, things could get uglier. The 24-hour range ($106,920 - $111,196) shows volatility is alive and well, so be ready for sudden moves.

Until we see buyers step back in with conviction, this bearish structure stays intact. Trade carefully out there.

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