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$BTC has been rejected from a major resistance zone, where horizontal supply aligns with the upper boundary of the rising wedge.
The wedge has now broken to the downside on strong volume, giving bears the upper hand.
The 100 MA near $63K is the key level to watch. A hold could spark a relief bounce, while a clean break below may open the door for deeper downside.
Price action around this support will likely determine the next major move.
#Bitcoin #BTC #SummerCreationCamp