#btc Market Update:
Today's morning, Bitcoin broke out of a pattern called the bull flag, which it had been forming for the past few days. The price also reached $71,000 according to DM VAH.
This $71,000 level, along with the high on Monday at $71,200, is still a strong resistance. In fact, we haven't even seen a one-hour candle close above Monday's high all week. I'm keeping our current long positions and waiting for a retest or clear acceptance above Monday's high. Once that happens, we can aim for a move towards the all-time high.
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