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Price Rejection & Volatility – The price attempted to break above key resistance levels around $106,940 - $108,900 but failed, leading to a retracement. The rejection from this zone suggests strong selling pressure at higher levels. 🚀❌
Support Retest – The price is currently hovering around the $91,918 - $90,768 support area, indicating that bulls are trying to defend this level. 🛡️🐂
Bearish Momentum – The long wick on a previous candle suggests an attempt to push higher, but sellers regained control, bringing the price back down. 🐻📉
Potential Scenarios:
🐂 Bullish Case: If the support holds, BTC could attempt another rally toward $100,000+. 🚀
🐻 Bearish Case: A break below $90,000 could trigger a deeper correction, potentially towards $85,000 - $80,000. ⚠️📉