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BTC bearish signal appears.
As mentioned yesterday, if Bitcoin fails to break through the key level of 100130, it will inevitably retest recent lows. The current trend essentially confirms this judgment. Although various news will always emerge in the market to explain price fluctuations, technical signals never lie.
From the distribution cycle we are tracking, we are currently in a typical distribution phase. In this pattern, short-term rebounds are limited, and downside risks are relatively prominent. If the key support continues to be broken, there may be further downside space to explore.