During this bull run BTC has tended to range when traders anticipate a pullback, consolidate, then defy expectations for more upside. Expecting this again, but if it breaks below substantially we could be headed for a retest of 21 week MA.
These range charts over the past month have been very good signals for trades.
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Lower level of range being tested.
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Upper level of range being tested. Watching 34700 to break before impulse up.
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Interestingly, we are back in this range with bearish pressure above us. DXY will signal the next move!
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Bottom of this range is where bulls stepped back in to defend the macro trend. Wow!