Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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We can see that BTC has reached a level of a very clear demand area where every contrarian move for a violent move down has been rejected in a total of 5 times on the daily & 4 hour chart, judging from the current demand and supply areas it would be a good probability to see a bull run before hitting the massive supply orders between 6900 - 7000 marked with the red circles.
I will be looking to enter short at the supply area turning my positions until a re-test for a breakout above 7000$ happens.