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A new week has begun, and the market is To da moon again.
#BTC# Bitcoin has once again climbed above the $110,000 mark. This morning it dipped to $107,500 but didn't break down and started to rebound, rising by another 3,000 points. Those trading in waves are feeling the pressure again.
Yesterday, I reminded everyone that as long as it doesn't break below 107000 when it pulls back, we can continue to look bullish. If you bought near 107500 on the rebound, remember to sell at the high resistance. The pressure levels are 110500 and 111500. If it pulls back and breaks below 109000, you can take profits on long positions and look for a new entry point.