-My last BTC update was still trading in a small range around 55k-58k dollars -The bitcoin bears won the game after breaking its local support at 53k dollars -The price touches the 3D 50 moving average and the price reacted with a strong push-up -I think the bitcoin bulls defended this important moving average like history on September 2020 -We may see a temporary bounce to retest the downward resistance at 55k dollars -If the bulls can clear the resistance above, the chances to continue the trend higher increases -But if another rejection will happen, a major support retest is likely to happen again -And if that bearish scenario plays out, the bulls will be in trouble in the coming weeks -I'm expecting a sideways action inside this triangle pattern until June -This would be a good chance for the Altcoin to bounce up if they are holding at key support -Please exercise proper risk management because the game is starting to look difficult
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