Regarding BTC hourly chart, the cryptocurrency saw a successful attempt to recover back and approach its ATHs at c. 112K.
Currently, BTC recovery rally is seen as extended on the hourly time frame and subject to a pull-back. But before that, we expect another attempt to re-test the 109,800 – 110,300 today.
Then, we expect another decline towards 107,000 – 107,500.
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