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$BTC
Significant resistance close.
Previously, price briefly broke above the upper trendline before facing rejection and continuing lower.
On the weekly, price recently tested the 1W 21 EMA and was met with a strong rejection will we see a similar reaction again?
I’m currently watching for short setups around that EMA, which also aligns with a key higher timeframe SR level.
However, if price is able to break above and gain acceptance, I would expect continuation towards the yearly open and the 1W 100 MA around 87–88k.
#btc