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BTC update:
As you know, there are multiple methods and perspectives through which technical analysis can be conducted.
This analysis focuses on lows and consolidation structures.
It shows that Level-1 (in yellow) has been broken; however, Level-2 (in Red) is providing support.
Without labeling the market as bullish or bearish, we can say:
👉 The price needs to move back above the Level-1 support to regain strength.
👉 It must hold the Level-2 support to avoid further weakness.
$BTC #BTC #Bitcoin #Crypto