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Will #BTC Continue to Fall? ❓
$BTC has broken below the key support range I highlighted earlier. Two daily candles have already closed below this level.
📊 Given the heavily oversold conditions on the daily timeframe, a technical bounce and retest of the broken support level can be expected in the near term.
However, the breakdown of the overall trend structure remains a bearish signal and supports the scenario of a deeper decline.
💁♂️ If we get a relief bounce, I’ll be looking to add to my short positions.