BTC broke through a long term support trend line yesterday. Price is up today retesting the line. It appears buyers do not have the support to regain the trendline. Bears will see this as a sign of weakness and selling should start to gain momentum. Low risk trade with stop loss just above the trend line.
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Disclaimer
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.