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BTC Faces Possible Downtrend After Trend Line Break
As the month draws to a close, there is a potential breakdown of the trend line for BTC. In the upcoming month, a price retracement downward could occur if the price consolidates below the 106,500 level, with key support levels at approximately 102,500 to 103,200, and 104,200 thousand. The Head and Shoulders pattern remains uncertain.
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AI Analysis
The analysis indicates that Bitcoin (BTC) is approaching a critical juncture as the month ends. The potential breakdown of the trend line suggests that the upward momentum could be waning. If BTC cons...
AI Recommendation
Given the analysis, traders should exercise caution and consider securing profits or tightening stops if the price approaches the critical support zone below 106,500. It would be prudent to wait for c...
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.