Bitcoin: $110K Rejection Shifts Focus to $105K Support Zone
BTC/USD
$107,459 (−2.78%): $110K ceiling holds as risk appetite fades; neutral zone slips toward $105K pivot
Market Recap (as of Nov 2, 2025):
Bitcoin (BTC/USD) slid −2.78% to $107,459, retreating from the intraday high of $110,730 after failing to reclaim its short-term EMA zone.
The day’s range $107,303–$110,730 underscores narrowing volatility, but sellers remain active near the $110K–$111K band. Yahoo Finance shows a parallel quote at $108,158 (−1.65%), with overall market cap around $2.15T and 24h volume near $43B.
The correction aligns with macro caution as traders digest slower ETF inflows and a firmer dollar index.
Technical Indicators Analysis:
Momentum turned soft: MACD(12,26,9) lines (−1,201 vs −1,125) remain in bearish alignment, histogram flatlining around zero — signaling momentum loss.
RSI(14) 40.8 confirms neutral-to-bearish bias after multiple failed rebounds from mid-October. BTC trades below both DEMA9 $109,097 and EMA9 $109,931, confirming near-term downside control.
A daily close below $107K opens path to $105K, while reclaiming $110.5K could reignite a recovery toward $113K–$115K.
Support: $105K / $102K
Resistance: $110.5K / $113K
Valuation and Target Range:
Bitcoin remains up +15% YTD, outperforming risk assets but trailing tech benchmarks since Q3. On-chain metrics show mixed demand: exchange balances stabilized, but futures open interest declined.
One-week bias: consolidation within $105K–$112K, leaning bearish unless liquidity rotation returns.
Analysts flag medium-term support at $100K, with upside capped below the $120K neckline until macro liquidity improves.
Risk Statement:
Crypto assets exhibit extreme volatility; leverage, derivatives, and macro cross-flows can cause sharp reversals. This is a technical-market commentary, not investment advice.
Data Source: Yahoo Finance & TradingView (as of Nov 2, 2025). Prepared by Tiger Morning Brief | Internal Use Only.
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