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$BTC 7.16 Bitcoin price movement analysis
From the drop starting at 126,000, a higher-timeframe decline has formed two ABC structures of the same level. Currently, it is the B-wave rebound of the second ABC.
The bullish outlook remains unchanged. On the lower timeframe, continue to watch for a pullback and enter a long position around 63,800; afterward, look for a bullish move in the 69–70 range.
Risk warning: This is only an analysis of market structure and does not constitute any trading advice
#btc #Bitcoin price movement analysis