BTC: still LONG!
After a hammer on January 23rd, BTC rebounded from $38,555 (near the $38,000 highs of November 2023) and broke out of a descending wedge. It is still above the MA100D and MA200D, both of which are rising. BTC is also above the $42,700 support level indicated by the fixed range volume profile (FRVP) applied to the price behavior since breaking $40,000.
Bullish!
Bullish!
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