$BTC's rejection at $110K is a significant resistance level. The broken trendline and current trading below $108,500 indicate potential downside pressure. Key levels to watch:

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Resistance: $108,500 (50% Fib level)

Support: $107,500, $106,500, and $105,500

A break below $106,500 could lead to further losses, while a close above $108,500 might send $BTC toward $110,000 and beyond. The technical indicators (MACD and RSI) suggest weakness. What's your outlook

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