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BTC

Bitcoin's Imminent Correction Predicted After Rally from $73K

Bitcoin (BTC) appears to be nearing a correction, with the price likely retesting the 100-day moving average (MA100), following a recent rally from $73,000. It may experience a pullback toward the support of the rising channel. If the channel support is broken, a decline toward the green channel zone could occur, indicating a potential further decrease.
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AI Analysis

The technical analysis indicates that Bitcoin is currently approaching a critical juncture. The retest of the 100-day moving average (MA100) suggests that the recent bullish momentum may be coming to ...

AI Recommendation

Given the technical signals and the possibility of a correction, it is advisable to adopt a cautious approach. Investors holding long positions during this period should consider tightening stop-loss ...

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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