BTC rejected a major, long standing resistance.
The BTC short liquidation move to just over 36 hit the former support trend of the previous bull stemming off of the covid low which flipped as resistance August of last year. It has been a critical point of rejection on 3 separate occasions over the last year. Any move above to finally max RSI on the weekly time frame may go to the 786 fib and land somewhere in the 41 range but it's highly unlikely that this trend is broken and building shorts with a stop loss is advisable.
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