Well it can be both way seems like but we have to consider that it's on its support level and also being bearish lately. Lot of traders losing on bitcoin SL or being on long position lately so more likely I am thinking the bulls are exhausted at this point.
I will observe the zone and if it breaks out will go for short positioning
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Bitcoin is hitting main support level right now, It's possible trade that we can buy wish really thin stop loss or we can keep observe market