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Bitcoin reached a new all-time high of $108,300 but faced heavy selling from that point. The price is currently holding in the local support area. Local Support Area: $102,600-$103,400
Bitcoin failed to hold the local support zone, and dropped further towards the support at $100,000 level. Rejecting doesn't mean a reversal, need to wait for the market to build bullish market structure in lower time frame.
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