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Bitcoin update

“The beginning of a break of resistance and a good rebound in the coming hours.”

This was the last market update yesterday after a positive 4-hour close, and indeed yesterday Bitcoin reached $67,000.

But ❌ we noticed weakness in the market that causes us to fall to numbers lower than the current numbers and the inability to continuously close above $66,666.

As we explained previously

Now what's next?

According to the drawing, we note that according to the same previous analyzes on the weekly frame, the week must be closed above $65,500, which is the 23 Fibonacci line.

But the latest closures are negative, so now we see a clear decline ahead of us

We were in the market from the price of Bitcoin to 60 thousand dollars, passing through 67 thousand dollars, and we made profits in a buy deal, but when we saw negativity, we began to enter selling deals for Bitcoin.

Now it is absolutely certain that a decline is likely within the next two months, or at least a strong correction before the urine rings

We are always behind the market and we go after it, but in the end we will reach numbers exceeding 85 thousand dollars for Bitcoin, and the rises in the real market will be seen after a strong decline.

This scenario is not new

Therefore, always secure your trades and be prepared for any downward strikes in the coming days before the bull ring

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Good luck, God willing