BTC short term Long, Long term Short

This analysis is only meant for educational purposes and is not meant to be financial advice. Please take care when trading the markets as you do so at your own risk.

Here we can see BTC being rejected from a strong point of resistance and making a lower high at around 10 800.
Following that we can also see BTC held support at a key level.

We might see a short term upward movement back to the resistance and then a pullback that might break the key support level.

If BTC breaks the resistance at 10 800 this analysis is invalidated and we would have to reevaluate our position.

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