BTC support and resistance zone

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  1. Important resistance zone 109.588: This is the nearest peak, indicating strong selling pressure here. If the price rebounds and surpasses this level, the upward trend may continue. 95.191: This is a price zone close to EMA(7), if the price bounces but is rejected here, the downward trend may continue.
  2. Important support area 80.169: The price just touched this area and may react here. If it breaks this level, the price could drop further. 62.314 (EMA 99): This is a strong support area based on the long-term moving average. If the price retraces here and bounces up, this could be a buying opportunity. 57.928 - 39.297: Lower support zone if price continues to decline sharply. Potential scenario 1️⃣ If the price holds above 80.169 and there is a strong green reversal candle → Possibility of recovery to 95.191. 2️⃣ If the price breaks through 80.169 → Easy to reach 62.314 or lower. 3️⃣ If the price surpasses 95.191 → It may head towards 109.588.
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