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$BTC Important Zone 👀
Im watching and waiting to see how this area is responded to by price action.
That green trend line above price action is the breakdown of a large green rising broadening wedge.
Price action is testing the 2hr 200MA in a pink bullish pennant handle to a cup and handle pattern.
A breakout above the 2hr 200MA could open the door to $102,833.
While a rejection could push price action to restest $86,976, $84,534, $80,619, and potentially $75,061.
Im expecting to see some pretty strong resistance in this zone. If the bulls can S/R flip this resistance into support that would be a great signal for the bulls.
I do see some mixed signals out there.
NFA, DYOR ⚠️
#Crypto #Trading #BTC