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BTC/USD – Intraday Rebound Before Possible Breakdown Pair

101
Timeframe: 1H
Exchange: Bitstamp
Bias: Bearish
Posted by: Indonesia1945

Bitcoin is currently holding above the 107,273 support zone after a sharp intraday sell-off. The price has failed to break this key level decisively, which opens the possibility of a short-term rebound before further downside continuation.

Technical Zone Identification:
Immediate Support: 107,273

Resistance to Watch: 107,770 (former support turned resistance)

Major Downside Target: 105,400

Indicator Support:
Price trades below EMA 14, indicating ongoing bearish pressure.

No bullish divergence on RSI, suggesting that any rebound may be corrective rather than trend-reversing.
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