Good day traders!
We have seen a move up towards 13k on BTC recently, but notice that recovery was clearly in three waves, also retraced by a recent break beneath the channel support low so it looks like a temporary bounce, therefore, it would be too soon to turn bullish. New lows can be coming towards 8k.
BTC/USD, 1h
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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