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🚨 BITCOIN RETESTING KEY RESISTANCE RIGHT NOW
Key S/R: $78.5k
Price: $77.9K
I see two scenarios here:
1) If we sucessfully close above it, expect potential rally to retest previous range low at $83.4K
Even if BTC clears $80K, I’d still watch ETH/BTC and BTC.D before calling it broad risk-on
2) If we get rejected here, I would expect sharp drop to $70k-$74k zone
$BTC
{spot}(BTCUSDT)