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Breaking of a Key Support Level

Breaking of a Key Support LevelIn the four-hour timeframe, Bitcoin's price trend shifted significantly after breaking a key support level marked by the blue box. The formation of a new lower high and lower low signals a clear downtrend. Currently in a pullback to the broken area, with current bullish candles considered temporary. The pullback is expected to continue to around $43,000, the range of the uptrend line, before the primary bearish trend resumes, potentially leading to a further decline toward the next support areas marked by the blue boxes.1/28/20241 min read

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