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Is $BTC finally losing its breath or is this just a massive fakeout?
We just saw a rejected attempt at the 79.4k local top and now the price is hovering around 76,456. Looking at the daily candles, we have a series of lower highs forming over the last few sessions which usually isn't a great sign for the bulls in the short term.
The support at 73.8k is the key area I'm watching. If we lose that, we could see a quick slide back toward the 70k psychological level. However, the order book shows some decent bidding interest just below the current price, so we might just chop around here to build more liquidity.
I'm not rushing into a long position yet. I want to see if we can reclaim 77k and hold it firmly before believing in another leg up. Be careful with high leverage right now because the volatility is starting to pick up.
What's your plan for this range? Are you buying the dip or waiting for lower?
#TapAndPayWithGateCard