Support and Resistance areas of note (Hourly BTCUSD)
Newly formed levels such as these tend to break fairly easily but price will likely stay within this range unless we see some heavy volume come in to one side or the other. A close through either of these levels (Above or below) will likely result in a longer term move in that direction.
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We broke through the upper level with a very strong move. The upper level (On idea chart) becomes new LT support for BTCUSD (7909) Median SRL is 8044.