BTC USD

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BTC -0.49% has fallen down to 5858 from 8506. and it has been bounced up to Fib 50%. it's just above 50ema and just below 100ema.
I wonder BTC -0.49% could reach to its 61.8 bounce up where is just around downtrend resistance.
If not, BTC -0.49% could fall back to its wedge support line.
At worst, all of this was just a bull trap, we would fall back to 5K.
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- Bounce up at Fib 0.382 from 6657
- Supported by 100ema(1h)
- Personally Fib 0.5 retracement(app. 6470) from 5858 could be possible
if not, BTC's next target would be $7500
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possible bearish cypher
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Resistance from wedge
Yearly downtrend resistance is at around 7500
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My personal high is just around 7000, but it has climed over 7400. geeeee.
now it's just below the downtrend line & 200ema.
It's very important time to see the future direction of BTC.
Let's see.
Good luck.
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Trend Analysis

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