“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. ”
The BTC did confirm this scenario and is now trading at the previously stated range of (107-107.50) K.
We are likely to re-visit (108.10 – 108.40) K. before heading towards 106 K.
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