Bitcoin is currently testing the lower boundary of the descending channel around the 101,844 support level. A strong bounce from this level suggests a potential bullish correction in the short term.
As long as the price holds above this key support, a move towards the next resistance levels at 103,449 and 104,411 remains likely. However, a clear break below 101,844 would invalidate the bullish outlook and resume the downward trend.
This setup offers a tactical opportunity for intraday traders to monitor price behavior around current levels.
As long as the price holds above this key support, a move towards the next resistance levels at 103,449 and 104,411 remains likely. However, a clear break below 101,844 would invalidate the bullish outlook and resume the downward trend.
This setup offers a tactical opportunity for intraday traders to monitor price behavior around current levels.
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