The initial chart shows Bitcoin's daily RSI, indicating a break below support, potentially suggesting a deepening decline unless there's a swift upward recovery. The second chart displays a rising channel on the 4-hour timeframe, with a recent bounce off the channel support. If Bitcoin fails to recover quickly, there's a likelihood of retesting and breaking below the channel support, possibly resembling a "dead cat bounce." The outcome depends on Bitcoin's intraday behavior.

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