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Bitcoin’s Bearish Signal: Key Levels to Watch

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FenzoFx—Bitcoin consolidates near $104,225 after breaking below the bullish trendline, signaling a possible break of structure. This level acts as immediate support, and a bearish wave could form if BTC closes below it, targeting the $101,880 demand zone.

The bearish outlook remains valid unless Bitcoin surpasses $108,215. If broken, price could rise toward $111,800.

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