🔷️ #bitcoin has once again returned to the blue support line we discussed on July 25. This level is highly critical not just for $BTC , but also for the short-term direction of the overall $crypto market.
🔹 If Bitcoin fails to hold at this level, the decline may deepen, and according to Fibonacci levels, the green lines will act as support zones.
🔹 However, if it manages to hold above the blue line, the upward potential remains intact, and Fibonacci-based targets are marked by the yellow lines.
🔸 Additionally, the CME GAP between 114,380 and 115,600 has now been completely filled with this latest drop a technically positive development.
🔍 Price action around this level should be closely monitored, as it could define the next market move.
‼️ This is not investment advice.
