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$BTC Reversal incoming ?
After bouncing off the 60k level and forming multiple indications of a short-term relief rally, price has now printed a bear flag.
We’re currently trading just above the lower boundary of the pattern.
If we get another bounce off the ascending trendline, a retest of the upper boundary of the bear flag and a sweep of the highs becomes likely.
If we break below instead, I expect the 61k low to get swept.