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#BTC once again found strong support around the $69,240 region, where buyers stepped in and pushed price higher. This level has now acted as a reliable turning support, and the latest reaction from it has produced another bounce towards the upper range.
However, the upside continues to face pressure near the $71,500 resistance zone. Just like the previous attempts, price has once again stopped around this level. This marks the third rejection from the $71,500 region, raising the possibility that the structure may be developing into a potential triple top pattern.
If $BTC continues to struggle below this resistance, the market could see another pullback towards the support level at 69,240 again and potentially even lower into $68,200.