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BTC - Long + Key Areas to Look for Rejection

Long
COINBASE:BTCUSD   Bitcoin
BTC is looking at two key scenarios that could play out this weekend. We have a red ichomoku cloud that signals strong resistance between $48-50k. We need a 6 hour candle close in this red region to confirm a bullish move up to the orange line. The other scenario is continued rejection at the ichimoku cloud, keeping the price below $48k and leading to a drop down to potentially $42k price levels.

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