Bitcoin Bears in Control as Price Holds Under Key MAs

Morning Traders 👋

Bitcoin keeps bleeding lower, with sellers forcing price under every major moving average, the 50, 100 and even the 200. That’s a big signal the short-term trend is clearly against the bulls.

After last week’s dump, BTC is now chopping sideways between 108.9K and 109.6K. (once again our short target was hit 👍 ) This kind of tight range is where liquidity builds, stops stack above and below, and once it breaks, we usually get the next strong move.

The levels to watch are simple:

📈 Upside: reclaim 110K and buyers could squeeze toward 111.7K.

📉 Downside: lose 108.9K and pressure grows for a deeper push into 108.6K and maybe 108.1K.

Big picture, BTC is still trying to find a floor after last week’s failed breakout and heavy rejection.

Until the range breaks, expect more chop with the bias leaning bearish.📉

Unless, we get a big Friday reversal, watch out for that too.👇

Disclaimer: This is not financial advice. All information is for simulation and educational purposes only.