BTCUSD is now testing multiple resistances (long term pullback to descending support-turned-resistance level, shorter term descending resistance, horizontal pullback resistance, ) and a reaction could occur from this level to drive prices down to 5763 support ( , horizontal swing low support).
(34) sees a long term descending resistance line hold price down really well and add momentum to our setup.
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This analysis is provided as general market commentary and does not constitute investment advice.