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$BTC This Is The Opportunity To Go Restest The Yellow 1hr 200MA
1hr Chart Analysis + Alpha
We just lost the 15min 200MA.
Now price action wants to naturally go to the 30 min and then the 1hr 200MA's to test for support.
Here we can see the red rising wedge bearflag target is $68,392.
The yellow 1hr 200MA is near my red rising wedge target right now.
If the local support of $70,670 is broken we will likely quickly drop towards the downside targets.
If shorting wait for the confirmation of the bearish retest of the yellow 15 min 200MA.
NFA, DYOR ⚠️
#Crypto #Trading #BTC