🔷️ #Bitcoin has started closing daily below the 🔵 critical support level on the chart. If this level is not reclaimed, 🟩 support zones based on Fibonacci levels are expected to come into play.

✅ Positive Indicators:

📊 MACD on the daily chart has pulled back to neutral, suggesting support could be forming around $112,000.

🔢 Fibonacci levels highlight potential reversal areas and strong support/resistance zones.

❌ Negative Indicators:

📉 Daily closes below the 🔵 support line may indicate weakness in price structure.

📐 A trendline break could signal technical deterioration.

📊 Tests of support on low volume could imply weak buying pressure.

⚠️ This content is for informational purposes only and does not constitute investment advice.

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