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support line rebound Flash News List | Blockchain.News
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List of Flash News about support line rebound

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12:46
Bitcoin (BTC) Approaches Key Breakout Point: Support Line Rebound and Contracting Triangle Analysis

According to @CryptoAnalyst, Bitcoin (BTC) has rebounded off its support line, forming a significant touch at point E on the daily chart. Volume has continued to contract, signaling the price is nearing the apex of a contracting triangle pattern. This technical setup often precedes a major breakout, making BTC trading positions highly sensitive to upcoming price action. Traders should monitor volume and resistance levels closely, as a confirmed breakout could generate significant volatility and new trading opportunities (source: @CryptoAnalyst on Twitter).

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