Picture is not clear in short term though we are in strong supply zone and would look to short if we find any bearish sign from now.
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Comment:
Current Resistance level
(1) 7100-7150
(2) 7450-7500
Current Support Level
(1) 6600-6700
(2) 5900-6100
Bitcoin now circulating b/w the our (1) support and (1) resistance level or supply and demand zone. As we have a wick downside under the support level, bulls are more dominant than bears. We must wait for next initiative movement.
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(1) 7100-7150
(2) 7450-7500
Current Support Level
(1) 6600-6700
(2) 5900-6100
Bitcoin now circulating b/w the our (1) support and (1) resistance level or supply and demand zone. As we have a wick downside under the support level, bulls are more dominant than bears. We must wait for next initiative movement.