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Bitcoin Dead Cat Bounce or Going Lower? Monday Analysis
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Bitcoin faces critical resistance levels after recent recovery from lows - is this a dead cat bounce or genuine reversal? Technical analysis reveals key support at $107K and resistance at $118K with dormant wallet distributions signaling caution. Current small long position targets fair value gaps while monitoring general market correlation and order book dynamics. Watch for potential moves to $120K or breakdown to support levels.
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#Bitcoin # BTC #TechnicalAnalysis # CryptoTrading #DeadCatBounce