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Bitcoin Short-Term Outlook: Bearish Signal Emerging
BTC is flashing warning signs on the chart today. The critical support level at 100,130 couldn't hold, and that's exactly what I flagged yesterday to subscribers. A breakdown below this key price point typically triggers a retest of recent lows—a pattern we're seeing play out now.
Looking at the distribution cycle framework we track, the price action aligns with the expected pullback phase. While various narratives will probably circulate to explain the move, the technical setup speaks for itself. When major resistance fails to sustain, the next logical target becomes the lower support zone.
This is a reminder to watch those critical levels closely. Sometimes the price tells the real story.