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Selling pressures remain the dominant feature of Bitcoin's movement at the moment as major market players, specifically the purple whales, continue to sell at a strong pace, while the brown whales are also participating in selling but with less momentum. These movements reflect the ongoing clear dominance of sellers in the scene.

From a technical perspective, the positive scenario remains conditional on the price's ability to break above the $115,500 level and confirm trading above it, which could open the door for an upward movement targeting the $118,000 area. However, if trading continues below this level, the negative outlook remains dominant not only for Bitcoin but also for the other cryptocurrency markets.

On the opposite side, the $110,000 area remains the most important and highly anticipated by buyers, as it contains massive buy orders that could support the market and form a potential rebound point if the price reaches it.

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