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$BTC
Bitcoin is facing strong selling pressure on the monthly timeframe after rejecting the major supply zone around $117,000–$122,500. Price has formed a series of bearish candles, indicating that sellers remain in control and momentum is weakening.
Key support is located within the monthly demand zone between $48,000 and $63,000, which could attract buying interest if the decline continues. A decisive break below this area may expose lower support levels
$48,500 is the key Must hold Level. The broader technical outlook remains cautious and sedeways in monthly demand zone