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Bitcoin-Potential bullish bounce off an overlap support

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Bitcoin (BTC/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.

Buy entry is at 106,535.50 which is an overlap support that aligns with the 23.6% Fibonacci retracement.

Stop loss is at 104,600.00 which is a level that lies underneath a swing-low support and the 38.2% Fibonacci retracement.

Take profit is at 108,808.50 which is a multi-swing-high resistance.

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