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weak buy
BTC

Bitcoin Correction After ATH Prompts Critical Support Levels

Bitcoin experienced a significant correction following news flow after reaching an all-time high on the 4-hour chart. The support zones at $105,954 and $105,368, which are below the $106,506 level, are critical for the continuation of the upward trend. If these zones are lost, there is a possibility that the price could retreat to the support areas between $102,459 and $101,666.
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AI Analysis

The recent price action on the 4-hour chart indicates a sharp correction following Bitcoin's all-time high, triggered by recent news developments. Support levels are essential to watch; in this case, ...

AI Recommendation

In light of the recent correction, it is prudent for traders to wait for confirmation that Bitcoin maintains above the support levels at $105,954 and $105,368. If these zones hold, opportunities for a...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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