A standoff at $110K suggests market indecision.Bitcoin / TetherUSBINANCE:BTCUSDTvuvu10041 Bitcoin has retreated from its peak of $126,272 and is currently hovering near resistance at $110,000. After bottoming out near $103,530, it attempted a rebound, but like a cat trying to jump off a slippery ledge. The initial sell-off was accompanied by considerable volume, but that strength has since faded, replaced by timid candles and diminishing volume. This price stagnation suggests the market is hesitant, unsure whether it's in a corrective slump or preparing for another surge. Key resistance levels are at $112,000 and $115,000, while support lies at $103,500 and $108,000. A break above $111,200 would signal short-term momentum, but until then, this is a typical consolidation trading scenario. Low trading volume underscores a lack of conviction—neither bulls nor bears are willing to make a decisive move, meaning traders are wiser to play the range than chase unrealistic trends. Only the long-term 200-period exponential and simple moving averages show a slight bullish bias, with the price barely holding above them. In other words, the longer-term trend remains somewhat warm, but short-term indicators are giving it the cold shoulder. In short, Bitcoin's current price action is on the knife's edge between recovery and rejection. The market wants to climb but is still healing the wounds of the earlier decline. A break above $112,000 could change the story, but without volume, that breakout would be a lot of noise but little substance. Bitcoin remains in a technical stalemate until confirmation—requiring patience and close monitoring of momentum changes. If Bitcoin can decisively break the $112,000 resistance level with strong volume, the technical structure could shift towards a continuation of the broader uptrend. Positive signals from the momentum and MACD convergence divergence suggest underlying buying pressure is building. A breakout could ignite an upward move towards the $115,000–$118,000 range, supported by a broader market long-term bias. If Bitcoin fails to recover the $112,000 level and instead falls below $108,000, especially with a decline supported by trading volume, this would confirm the recent low-high pattern and extend the current correction. The lackluster readings of short-term exponential and simple moving averages, combined with neutral to weak readings from oscillators, paint a picture of waning momentum. In this scenario, the path of least resistance may point to the $105,000 support area or lower.