If the price spikes past $8300 we will see further bearish downward trend to $7400... however a bullish return may occur once an upward trend is stabilized towards $.
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$9400.... therefore a bounce off $8300 to recover to $9400 or further drop to $7400
Trade closed: target reached
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Further Drop to $7400 will occur and actually did already happen in other exchanges like Coinbase.