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$BTC
Price is pushing very hard to try and reclaim a number of key levels as well as this H4 value area.
We are now currently trading straight into a number of resistances on this timeline including:
VAL
Monday Low
H4 12/21 EMA
H4 100 MA
You could look at possible intraday longs if price can reclaim them and target the POC. However my main bet is of course still short as you can already see the beginning of the breakdown with the bearish EMA crossover.
My view here is the failed break of the value area (Monday High) was the false move / failed auction and what we are seeing now is a retest of the bottom end of the value area which could likely be met with a rejection and downside continuation and will be the real move.
#btc