In the chart, you can see that Bitcoin has been trying to stay the same or within a certain range for the past few days. Additionally, it has been attempting to touch the 23.4k level multiple times in a span of four hours. Another factor is that the market is constantly liquidating long and short positions, so Bitcoin is not following the technical analysis. Based on the situation's chart, I can say that Bitcoin may temporarily trade near the 23.4k level before returning to its general support level.
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