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$BTC 7.21 Bitcoin Price Trend Analysis
The drop that started from 126,000 is showing two ABC structures of the same level on the higher timeframe. Currently, it is a B-wave rebound within the second ABC.
The overall rise of wave B hasn’t finished yet. It is currently around the 655 resistance zone. It’s uncertain whether it will break through directly, or whether there will be a deep pullback followed by another rise.
Risk warning: This is only an analysis of market structure and does not constitute any trading advice
#btc #Bitcoin Price Trend Analysis #Commander