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Today’s Bitcoin technical outlook:
The strong resistance zone above is clearly suppressing the price, and a rebound is unlikely to sustain, leading to further decline.
The key support below is a critical line for the bulls; once broken, the next downside target opens up.
Bitcoin: If it rebounds to around 2120-2140, expect a downward move, with the first target at 2050 and the second at 2020.
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