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BTC ended up forming a Bear-Flag on the 4H chart yesterday and has dumped down towards the Support Level around 30700$.

Soon after the Bulls have decided to step back into the game and a strong bounce has occurred, which was able to push BTC back inside the Pennant.

To have a chance to take out the Resistance Level at 39700$, the Bulls will have to create a Higher Low by not allowing the Bears to push the price back down below the previous Low around 31K.

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#trade #btc

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