Hello, traders welcome you all to this BTC 4hr chart update.
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Let’s look into the chart,
As expected BTC was unable to hold the 24.4k level and got rejected from the upper trend resistance and a meltdown by already 5%.
In the current scenario, BTC is moving downside towards the lower green support at the 22.6k level.
As bulls are holding long above 23K so until BTC is able to hold above this range nothing to worry about here.
IMO, we should wait for the weekly close and need a close above the 23K level.
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