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BTCUSDT – Potential Rejection Near $106K Before Deeper Pullback

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Price is approaching a key resistance zone around $106,300, aligned with the upper boundary of a rising channel. I’m watching for a possible rejection at this level, which could trigger a pullback toward the 88K–$90K support area, as shown in the red box. If that fails, we may revisit lower demand zones around $73K. However, a confirmed breakout above $106K would invalidate the bearish scenario and suggest further bullish continuation.

Let’s see how price reacts near resistance.
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