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$BTC is still respecting its daily channel structure.
Price has reached the upper part of the pattern but continues to trade in a tight range.
Bulls are holding ground, yet they haven't managed to force a convincing breakout.
If sellers gain control, the next likely destination is the lower support area of the channel.
That level will be important for keeping the broader trend intact.
The trend hasn't changed, but this is a level where risk and opportunity are both increasing.
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