BTC remains locked in a downtrend since price action is taking place below the daily cloud. Bottom end of the cloud remains a key resistance zone!
Today BTC rebounded very close to a major old support zone of 5414! Critical for BTC to remain above this level, if not, then we heading for another leg down!
Front end of the cloud still indicate that a downtrend remains in place!
Short-term swing trade back up to bottom cloud chart resistance!
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