BTC 8H – Testing Trendline After Local High Rejection

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Bitcoin’s 8H chart shows price pulling back after rejecting near 124K, now retesting the ascending trendline from April. The key breakout retest zone sits between 110K–113K, offering a potential support area if the trendline fails. Stoch RSI is cooling from mid-range levels, suggesting momentum may shift before the next move. A bounce here could target recent highs, while a breakdown risks revisiting the prior support base.

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