-Bitcoin hit the mid support around 40k dollar zone -This area is a confluence of the 100D MA and Fib 0.5 -We can see the price reacted bullishly on this level -The bulls immediately bought the dip within few minutes -This is a good short term strength but still not enough -We need to see BTC holding above Fib 0.5 for at least 3-5 days -To confirm our bias that this area is establishing a supported territory -For now, I'm patiently waiting for BTC to show more strength -Before potentially entering new swing trade ideas -Always take note that trading is not a race but a marathon -Good luck everyone and keep safe
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