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$BTC is testing a major support zone again.


This level has held through multiple market cycles.
If bulls defend it into the weekly close, we could see a strong bounce.
Losing it could bring more selling pressure.
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BTCBTC-0.67%

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Comment 2
AlphaBeta
The weekly close is indeed important, but it needs to be backed by trading volume. If the rebound comes on declining volume, its sustainability is questionable
Short positions at the elevator entrance
Can this level hold? Let's wait until the weekly candle closes before saying anything