Snowball Daily Market Update -

After Bitcoin bulls hit all of our price targets, above $57,000 (last week's low) has been a strong 4-hour resistance level for the past two days. This afternoon, we just saw the first 4-hour close above this level since the beginning of the week. As long as this trend continues, we can see a move towards the weekly open of around $58,200. If this breakout fails and falls below the $57,000 level, then I think there is a high probability of testing the $53,000 area again.

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