Bitcoin saw a significant drop yesterday, and currently there are no signs of a reversal. It is uncertain whether the neckline at 112,000 will provide short-term support.

There are two possible scenarios moving forward:

1. Price drops to the neckline, stabilizes, rebounds on support, and then declines again;

2. Price directly breaks below the neckline, followed by a rebound to test the neckline for resistance, continuing the downward trend.

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I personally believe that the second scenario is more likely. $BTC

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