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Welcome to this BTC update.
BTC made a low of $28,700 and now I'm expecting an upside movement.
BTC is forming a descending broadening wedge pattern in the 4hr time frame. If this pattern plays out perfectly and holds the $28,700 level then we can expect it to reach the upper trendline of the wedge.
You can also open a long position here with the tight SL of $28,500 and target will be 32k-33K
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BTC is still moving in the same range. Rejected from the white dashed line. Inflows still keep coming into exchanges. Every time BTC bounces a bit inflow starts flowing into exchanges. Until these inflows stops don't expect a big rally. As of now needs to break the white dashed line to move further. Otherwise, we might see again another drop.