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$BILL continues to face strong selling pressure… the buying side still cannot regain control in a sustainable way.
In recent sessions, the price has been repeatedly rejected at an important resistance zone near the recent high. Especially, the rejection at the $0.20385 zone (as shown in 1000352683.png) indicates that selling pressure still clearly dominates.
This causes the recovery momentum to be blocked and the price to turn downward, confirming that the market is not yet ready for a new upward move.
Currently, the market structure is in a “reset” phase — where both sides are re-accumulating their positions. Traders should closely monitor the next support levels to find higher-probability entry points in the next upward cycle.
Patience is more important now than trying to catch the bottom early.
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