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Bitcoin on the brink: Bulls must defend $100,990 to avert deeper sell-off
BTC/USDT slips below its Point of Control at $104,825 and now clings to early-May/June support at $100,990—failure here risks a slide into the $97,600–$94,800 zone. On the daily timeframe, BTC/USDT is trading around $101,622, down roughly 2% from recent highs. The pair has relinquished its Volume Profile Point of Control (POC) at $104,825, signalling that the distribution of traded volume is shifting lower. Since early May and again in June, $100,990 has acted as a critical demand zone (circled), absorbing selling pressure and triggering short-covering rallies. Those rebounds have formed a series of lower ... (full story)
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