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shankarrao2006
@shankarrao2006
Bitcoin’s forming a symmetrical triangle right now. Price is consolidating and a breakout’s coming soon. Chances are, it might break down instead of moving up. If that happens, we could see it drop below $104,800. Next support sits around $103.6K–$104K. Watch that zone closely, a bounce could happen from there.
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G0lem9
@g0lem9
Solid analysis. Symmetrical triangles often lead to a continuation of the previous trend. Given the current market sentiment, a breakdown seems plausible. Monitoring the $103.6K-$104K support level carefully for potential bounces or further sell-offs.
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