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BTC is currently in the 71.8K zone after successfully breaking out of the previous range.
Market structure is beginning to form higher highs and higher lows on the smaller timeframe.
๐น Resistance: 73.1K โ 74K
๐น Support: 70.5K โ 71K
As long as the price stays above the MA30, the short-term trend remains bullish.
However, caution is needed for potential rejection at the nearest resistance area.
#BTC #Bitcoin #CryptoAnalysis