-Bitcoin is rejected at 38k dollars sending the price to its horizontal support area -We can see the Bulls are defending the green support zone as the price is pushing up -The Bulls are getting weaker due to a series of Lower Highs -If the Bulls can't pass this trendline resistance -And come back down to retest the support area for the 4th time -Personally, I won't have the confidence to rebuy -Because we know the area gets softer the more it is being tested -The only good sign though is the Altcoins will have more time to recovery -During Bitcoin's sideways market condition -Please be careful because the bigger/longer the consolidation range is -The stronger the breakout direction will be (up or down)
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