Technical analysis by TradeSelecter about Symbol BTC on 11 hour ago

Technical Analysis and Outlook: In the most recent trading session, the Bitcoin market experienced a significant decline, falling below critical support levels of 108000 and 105700, as the price is currently actively fluctuating between these two points. The current market analysis indicates an initial potential rebound towards the Mean Resistance level of 109500, with further extension possibilities up to the Mean Resistance level of 115500. It is essential to recognize and be aware that an Auxiliary Inner Rebound occurrence following the Outer Coin Dip, marked as a 97000, in conjunction with the Mean Support level of 99000. This scenario is particularly significant at the Progressive In-Force retracement extension, identified as the Key Support level of 94000.