While a little rebound is a nice relief for now, we are far from in the clear. If the $7000-ish level holds as resistance we could be in for a further move down for a lower low with capitulation, so don't be too happy just yet until we get well above 7k.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.