Bitcoin is currently sitting re-testing the previous resistance which is perffectly in line with the 78.6% Fib. level of the retracement from the previous rally. A bounce here is vital to continue with the higher low on the mid TFs where its also vital to continue with a higher high in order to avoid a break of the current uptrend structure. (see below 👇)
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
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