Bitcoin Retreats Below $109K; Short-Term Correction Deepens Across Crypto Market

Crypto market dynamics are experiencing a swift shift, with price action fluctuating within hours. This update reflects the current market conditions and should not be interpreted as investment advice. Bitcoin (BTC) has slipped below $108,456, marking a decline of over 2% compared to yesterday’s close at $110,895. This retreat is a reflection of weakening momentum across major timeframes, with the daily structure currently remaining above the 200-day EMA near $109,000 but experiencing a short-term correction. Traders are now navigating through uncertainty following multiple failed attempts to reach the $114K zone. Momentum readings** present mixed signals: the RSI hovers around 49 on the 4-hour chart and dips down to 39 on the 1-hour chart, indicating a neutral to bear market rotation. The MACD remains soft across intraday frames, while the daily chart shows signs of stabilization suggesting consolidation rather than trend reversal. Volatility and volume metrics suggest measured risk-taking, with Bitcoin’s volatility remaining within the protocol’s upper gate. Chart structures** reveal a falling-wedge formation developing between $107K and $108K. This pattern hints at potential stabilization if buyers defend this zone. Resistance, however, remains at $111K-$114K, limiting short-term recovery and keeping BTC in a tactical correction phase while the overall macro uptrend holds strong. Across the broader market, price action mirrors Bitcoin’s indecision. Traders are focusing on breadth and macro-correlation levels, suggesting limited upside momentum until fresh institutional or ETF-related catalysts emerge. Overall, the market remains in a wait-and-see mode with defensive positioning prevalent despite long-term bullish structures. Source: CryptoMarketDarts (https://cryptomarketdarts.com) **— Join us to stay informed about intra-day updates and real-time analyst insights across major cryptocurrencies.**

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