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📉 Bitcoin is currently trading at:
💰 113,349$ (approximately -1.9% in the last 24 hours)
🔻 After a bounce from the psychological resistance level at 115,000$
📍 Daily high price: 115,703$
📍 Daily low price: 112,831$
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📊 What is happening in the market?
🚨 Over 713 million dollars were liquidated from long positions in the last day
🟥 The Coinbase Premium indicator recorded a negative reading, reflecting a decline in buying demand from American investors
📉 Some analyses see that we have entered a healthy correction wave within a general upward trend
📌 But if selling pressure continues, we may test 110,000$ and perhaps 105,000$ during this week
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🧠 My personal technical analysis:
✦ No signs of collapse so far
✦ Nearby strong support: 112,000 – 111,000$
✦ Next resistance: 115,500 – 116,800$
✦ Breaking 110,000$ with a daily candle will be a sign of weakness, but above it the market remains in a positive range
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💡 My advice for traders:
✦ Do not enter the market with an emotional reaction
✦ Wait for a technical confirmation before making a decision
✦ Monitor support closely, and don't forget capital management — a smart decision is better than a quick one!
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🔮 My question to you now
📌 Do you see this drop as a buying opportunity at a discount?
📌 Or are we on the verge of a deeper correction before the rise?
✍️ Share your opinion in the comments — your opinion matters to me 👇
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