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Bitcoin\“s 15-minute candle close below 118400 indicates a potential short-term bearish trend in the market. This event often signals increased selling pressure and could lead to further declines if not supported by buying activity. Traders should monitor this level closely for possible entry or exit points.
As a key product in the cryptocurrency space, Bitcoin\“s price movements are closely watched by investors. The 15-minute timeframe is particularly useful for day traders seeking quick opportunities. If the price remains below 118400, it may test lower support levels, so risk management is crucial. |
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