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The continuous decline in liquidity over the weekend has also contributed to #Bitcoin continuing its downward adjustment. This time, we first look at the CME futures gap around 114,300 - 115,790.
Next, we consider the Fibonacci support around 113,000. According to past logic, during an upward trend, the first drop of a reasonable retracement wave won't easily fall out of too much space; it needs support, a rebound, and a reasonable trend of oscillation during the retracement.
For now, let's boldly assume and then see how time and trends validate this.
It is important to note that the 4-hour chart is continuously contracting. After experiencing low amplitude oscillation over the weekend, there is a high probability of a technical breakthrough on Monday or Tuesday next week. Let's see what news might trigger the technical breakthrough at that time!
Overall, this week is an exciting week. The weekend can actually be a good time to rest, and later we can check how the altcoin market data is doing!

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