$BTC - OUTLOOK Price continues to trade below the channel trendline resistance, showing no strength from buyers. The weakness is becoming more evident as price recently dropped towards $75K, marking its lowest level since August. Meanwhile, millions worth of leveraged long positions have been wiped out in a brutal liquidation flush, adding further pressure to the market. As long as BTC remains below the TL resistance region, bearish outlook stays intact. I'm favoring further downside towards the next Fibonacci support zone, with any recovery likely to face resistance until price reclaims the channel.
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