2021-11-13 13:50:42
$BTC BIAS:
Long-Term: Bullish
Mid-Term: Neutral
Short-Term: Bearish
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BTC found decent short term support around $62,250 from where we've bounced twice in the past few days. Lower time frame price action, however, remains bearish as signs of a possible continuation dump can be seen on the 1H chart.
If a downward move manages to break and close below $62,180 on the 4H, we will very likely go lower, potentially reaching our next mid term support level at $57,846 before a high volume bounce & our next move higher.
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