If BTC can close below the orange trendline on the 8hr candle, we should see further downward price action. If not, we will likely see a small pump, then head back to test the green trendline again before continuing the bull run up. However BTC has also reached the end of a large Elliott Wave and it would be good to see a more healthy, prolonged correction.
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Comentário
Previous line was slightly low, I have raised it up. Regardless we still closed above it and are now teetering on top, it's clearly not a strong support so we'll see what happens from here
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