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Bitcoin Price Action Breakdown
BTC showing clear rejection at resistance levels. The price action suggests we're looking at a potential local top—exactly where sellers stepped in hard.
Notable rejection candle formed right at the resistance zone, followed by downward pressure. This kind of move typically indicates distribution activity from smart money ahead of the dip.
The current structure looks textbook: price failed to push higher, momentum dried up, and now we're seeing the reversal on lower timeframes. Watch the support levels below—they'll determine if this becomes a deeper correction or just a minor pullback.