sell
Bitcoin's Critical Support Breaks Signal Potential Free Fall
Bitcoin has only two critical support levels: 106600 (which has been broken) and 102800. There are additional intermediate, weaker supports. The price is currently halted. If both supports are broken, a free fall could ensue, leading to the price dropping to levels where the majority will be panicking, as they sell off. The asset will move toward the area with the highest liquidity, which will determine its next direction. The specific levels have been discussed multiple times before. Additionally, the SMT with Ethereum adds to the dynamic.
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AI Analysis
The analysis begins with the acknowledgment that Bitcoin's recent trading activity has approached a critical juncture, with two major support levels at 106600 and 102800. The breach of the first level...
AI Recommendation
Given the breach of critical support levels and the potential for a rapid decline, it is advisable to adopt a cautious stance. Traders who already hold long positions should consider protective stops ...
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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weak buy