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Bitcoin is still trading inside this range and holding above the key support zone.
Every bounce is getting rejected below the descending trendline and the 200 MA, keeping the short-term trend bearish.
As long as support holds, we could see another relief bounce. But a breakdown below this support would likely open the door for a bigger move to the downside.
Keep an eye on this range. The next breakout could decide Bitcoin's next major move. 👀
#Bitcoin bitcoin:native