Bearish Bias

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Bearish BiasBitcoin/TetherGATEIO:BTCUSDTsanluisernest Bitcoin is currently trading around 107,849, showing signs of downward pressure: 🔻 MACD: Bearish crossover — MACD line is below the signal line, momentum is weakening. 🔻 Stochastic RSI: Rejected from mid-levels and turning down — indicating potential continuation of the bearish trend. 🔻 Moving Averages: Price is hovering below MA30 and struggling to reclaim key levels like 108,250. 📉 Key Levels Resistance: 108,250 – 108,600 Support: 107,590 → 107,222 If BTC breaks below 107,590, expect further downside toward 107,222 or even 106,900. 🧠 Outlook: Bearish bias remains in the short term unless BTC reclaims and holds above 108,250 with volume.