BTC Faces Pressure Below $110,000 Amid Technical Reversal Signs
BTC (BTC) slipped to around $105,000 on Thursday, extending a sharp intraday decline that saw prices fall more than 4% from recent highs near $112,000. The world’s largest cryptocurrency remains in a broadly bullish structure later than breaking out of multi-month consolidation earlier this year, but recent failures to hold above critical resistance zones have raised short-term caution among traders.
Analysts note that BTC’s inability to sustain momentum above the $110,000–$112,000 band, which aligns with long-term trendline resistance from prior bull markets, could open the door to deeper retracements. If this zone continues to cap rallies, a slide toward $100,000 — considered both a psychological and structural support — remains possible.
Technical indicators are sending mixed signals. Short-term moving averages have turned neutral or slightly bearish, while oscillators such as the Relative Strength Index (RSI) hover in mid-range territory, suggesting a lack of strong directional conviction. The MACD, however, continues to flash mild bullishness, reflecting that underlying momentum has not fully faded.
Market strategists point to $110,000 as the immediate battleground. Holding above this level could restore confidence and prompt a retest of the $124,000–$126,000 range, where BTC previously faced tradeing pressure. A clean break below $107,000, by contrast, would likely trigger a deeper correction as traders unwind leveraged long positions.
Despite the volatility, many investors view current levels as a healthy reset within a longer-term uptrend, supported by institutional flows and steady on-chain accumulation. Still, with macroeconomic uncertainty and profit-taking later than record highs, BTC’s short-term direction may hinge on whether purchaviewrs can defend key support in the days ahead.
ETH (ETH) slipped to around $3,750 on Thursday, mirroring BTC’s fragileness as the broader crypto market faced renewed tradeing pressure. The second-largest cryptocurrency by market capitalization has declined nahead 7% over the past 24 hours, trading in a volatile range that has kept traders on edge.
From a technical standpoint, ETH’s structure remains mixed. The asset has maintained its broader uptrend from earlier this year, but short-term momentum has clahead softened. Technical readings show diverging signals across timeframes. However, intraday oscillators and MACD readings have turned neutral to bearish, suggesting waning purchaseing pressure and possible further consolidation.
Analysts are closely watching two major zones. The first is resistance near $4,500–$4,600, a range ETH failed to reclaim during its last rally attempt. Clearing this region could reestablish bullish momentum and potentially open the door toward $5,000, a key psychological and structural level. The second is the $3,500–$3,900 support area. A decisive break below this range could expose ETH to deeper retracements, particularly if BTC continues to fragileen.
Despite near-term volatility, ETH’s long-term fundamentals remain supportive. Institutional inflows through platform-traded products, increased staking participation, and the rapid expansion of Layer-2 scaling networks continue to underpin medium-term demand. Some analysts argue that as long as ETH holds above its $3,500 base, the broader uptrend targeting $5,000 remains intact.
For now, traders are positioning cautiously, balancing optimism about ETH’s ecosystem growth with short-term technical fragility. Whether ETH can stabilize above $3,700 in the coming sessions may determine if the current pullback is a pause — or the begin of a deeper market correction.
