BTC: ALL WE NEED IS A RETEST AND NOT A BREAKDOWN.

Welcome folks to this new update on BTC/USD in 4 hours timeframe.

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Alright, let's get back to the chart.

We have seen some positive moves coming in on BTC lately. The daily close for BTC was at $31726 which was perfect for the upcoming expected rally. In a higher timeframe (1 Day or 2 Days chart), BTC is most likely to bounce back and in a lower timeframe like 4 hours, BTC should show some retest. The clear reason for the retest is the RSI. The RSI is in the overbought zone which needs to come down. Honestly, I will be delighted if BTC rallies further from the current level but if BTC is aiming for a sustainable bullish rally then it must show some retest at around the $30.4k level.

What do you think about the greens on BTC? Do you think it will sustain or is it just a trap?

Share your views in the comments.

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