While BTC continues to be weaker against broad indicators, it did something in last few sessions which indicates, unless we breakdown sooner below 6450, we potentially may have a SHORT Term Bottom in place. And if so the SHORT Term Channel May Look Something like this. Odds are against BTC Bounce but the potential Channel Breakout on the topside tells there is a story that cant be undermined. We wont be buying until confirmed Daily break above 7100. Saw something so thought to share. 7450-7700 continues to be tough area to crack.
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