BTC is bearish in the short term but still good investment in the long term.
I think if BTC wants to go for ATH break, it needs to establish a strong support in the 53K zone.
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Target hit. No long entry until we see a reversal sign which is still not highly probable. Pandemic news is on fire now and economy concerns are appearing again.
If the current support level at 53K is not held, we might visit 49K and 42.5K.
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So BTC did not held the support @ 53K and fell down to the target we mentioned in the previous comment ( 42.5K ).