BTCUSD can dump once again if this resistance remains valid

Price started to dump in previous days from the previous 0.61% Of Fibonacci retracement level and we mentioned that a lot:

Now once again we have another local resistance here that if it remains valid and sell pressure here shows off again then bears can lead again and this time maybe even lower lows like 40K.

Notice: But if this last local resistance here breaks then the price will reach new highs like 60K soon.


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4H chart :