After a strong and consistent bullish rally, BTC is now showing its first signs of a potential downward correction.
While the broader structure has remained bullish, yesterday marked a significant shift—BTC broke below the key support at 106,730, signaling a possible change in market sentiment.
🔻 Why This Level Matters:
106,730 was a strong support zone. Losing it opens the door for a potential continuation down to:
102,000, and possibly
98,000, if bearish momentum persists.
⚠️ Caution:
This could still be a false bearish breakout. However, as long as BTC maintains this bearish structure, traders should proceed with caution. It’s too early to confirm a full downtrend, but the warning signs are there.
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