
Rajeev
@rk7532
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1643 Followers
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π BTC DETAILED UPDATE
Summarized everything we have on the chart in one post, you're welcome!
First of all, there is a strong resistance at the $86,500 level. The price is moving in its direction within the big Rising Wedge (bearish pattern).
Recently $BTC broke the $83,800 resistance thanks to the inverse H&S, currently retesting this level, but there are high chances of fake breakdown it. The ascending support of the wedge must save us.
Overall, the magnet for the price is $86,500. There will be decided: either we consolidate above it and pump further OR the price is being rejected and we dump back below $80,000.
For those who want it brief: LONG the consolidation above $86,500 or SHORT the breakdown of rising wedge. 0 reply
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