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BTC Daily Update 16 May 2021

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC had broke out of its downtrend resistance and currently sitting at around
$49k or 0.236 fib level based on recent swing high and swing low.
If BTC managed to break pass 0.236 fib level, we can see BTC touching $51k in the short term.
MACD is building upward momentum and this indicates an upward movement.

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