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Due to a strong resistance zone, the cup and handle pattern is invalidated.
Long term and mid term stay bullish, a drop is coming in a short term.
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Bullish factors :
- cycles analysis shows a bullish exit in a few weeks
- Weekly bias and Daily bias are bullish
- price rebounded on oblic support
- there are bullish MACD&RSI divergences in TF4h
- Halving has a positive effect
- monetary policy is inflationary (Quantitative Easing)
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