BTCDOM failed to break resistance we might be able to see a

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BTCDOM failed to break resistance we might be able to see alts movement but it depends on BTC & DXY as well refer to this chart hope you learn something new. not financial advice 🔥 $BTC #altcoins #BTC #bitcoin #BlackRock #BinanceTournament

BTCDOM failed to break resistance
we might be able to see alts movement but it depends on BTC & DXY as well
refer to this chart
hope you learn something new.
not financial advice 🔥 
$BTC 
#altcoins #BTC #bitcoin #BlackRock #BinanceTournament 

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BlackchenOG

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$BTC -As you notice we are trading above the trendline. -this trendline is an indication that we are still in a bullish trend. -but now market is trying to retest the said trendline. -while support level is holding the price to the said retest attempt. -63800 is still my ideal entry for long set up. -other traders like orderblock traders and fibonacci traders are also waiting below 63800 as entry point. in short no matter what the price we will hit below expect a bullish reaction to these mention zones. -On the other hand if this horizontal support will show some strength then we might be able to see a 3rd attempt to break resistance and hit 72k price zone. -while failure to breakout will result to a longer consolidation market forming a bullish rectangle in the long term. Fundamental side - FED's are still planning to hold the interest rates on a high level which is around 5.25% - 5.50% for a bit longer. Overall : I am still bullish unless 56k is breached then we switch sides once market fail to put the price back above 56k.

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