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$BTC Wednesday morning BTC analysis
Yesterday price moved upward all day, and returned to the major resistance level at 670k again. Aggressive traders can continue to go long with a light position; conservative and steady traders should wait until this move is basically exhausted before taking short. Frequent turning back and forth will only leave you getting hit on both ends!
On the daily chart and the hourly chart, both are already showing a slow contraction pattern; the hourly chart is even more obvious—just be patient and wait.
Trading idea: short in the 672k–676k range, target 657k–650k