Bitcoin
Long

BTC: Impulse or Imposter

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I'm bullish on BTC on the 1-hour chart as long as price action continues to print higher lows and higher highs. The current Elliott wave structure still looks intact. A breakdown below 56122 would lean toward the Zigzag pattern being complete. However, if 56122 holds, there's a good chance we could see a move closer to 60K.

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