Analysts claim through that Binance has been “non-stop dumping” Bitcoin and Ether ahead of a highly anticipated Federal Reserve speech. Millions of dollars in trades were executed every few minutes, triggering widespread liquidations across leveraged long positions. Bitcoin Tests $107,500 Support for the Fourth Time The Bitcoin price char displays a sharp decline toward the $107,500 support level. The level has been retested multiple times over the past two weeks. At the time of the snapshot, Bitcoin traded around $107,482, marking a 2.77% drop for the day. The repeated tests of this level suggest sustained selling pressure, with the analyst noting that the market’s ability to hold this zone remains crucial in the short term. The chart highlights several key resistance. Demand zones that have shaped Bitcoin’s recent structure. The first resistance area lies between $111,000 and $112,000. This is where price action has consistently faced rejection in late October. Above that, the next zone is between $113,800 and $115,000, followed by a major resistance block near $118,000, which capped rallies during mid-September. On the downside, layered support remains visible between $108,200 and $107,000, with a deeper cushion around $105,000 to $106,400. 1-day BTC/USDT Chart | Source: X The analyst emphasized that if Bitcoin price fails to maintain support at $107,500, the market could slide toward $100,000 in the coming sessions. The mention of $106,400 as the next “reaction level” underscores the short-term volatility surrounding this range. Market data also shows that this level acted as a pivot zone several times throughout October. It confirms its significance in determining near-term direction. Historical Context of Bitcoin’s Price Movements The chart records several notable rallies and reversals across the past few months. Between late July and early August 2025, Bitcoin climbed from the lower green zone near $105,000 to above $115,000 before losing momentum. A secondary push in mid-September failed to surpass $118,000, forming a lower high that reinforced selling pressure. During late October, Bitcoin briefly spiked to $124,000, testing the top resistance zone before an immediate rejection brought prices back down toward the $110,000 range. The same pattern reappeared as October turned to November. This is with daily candles repeatedly revisiting $108,000 to $107,500, forming a tight consolidation near key support. The price structure visible on the chart indicates a market trading within well-defined zones. Every breakout attempt above $115,000 has met swift rejection, while buyers continue to defend the $107,000–$106,000 zone. The clustering of candles within these levels paints a picture of heavy distribution overhead and waning buying momentum below. Ethereum Price Appears Oversold After Extended Correction Ethereum’s price structure is alongside a stochastic oscillator, which measures momentum across weekly candles. The indicator shows both lines, blue and orange, dipping near the lower boundary, signaling an oversold condition. The analyst remarked that “we usually bounce from this level,” implying that ETH has historically recovered whenever the oscillator reached similar depths. ETH/USDT Chart | Source: X On the upper price panel, Ethereum shows a clear sequence of bullish and corrective waves. The asset rallied strongly from May 2025 through August, reaching highs above $4,000 before easing lower. A similar oscillator trough appeared in October–November 2024 and again in February 2025, both preceding sizable recoveries that extended into the following months. These cyclical movements highlight how current momentum readings coincide with previous turning points, even as the market remains cautious ahead of macro events.