BTC is showing clear rejection signs from the trendline near the key resistance zone around $107,000, replicating the December 2024 - January 2025 structure.Hanging Man candle near resistance
Bearish RSI divergence
MACD bearish crossover
Weak buying pressure vs growing selling volume
Stochastic RSI fading out
one retest around 97000$
If $90K support breaks, watch out for a deeper drop toward $60K.
Market structure suggests a smart correction is brewing. Don’t ignore the signs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.