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BTC UPDATE

The key resistance is seen at the $23,600-$23,800 area. This level corresponds perfectly to the Inverse H&S neckline. Ready to form a right shoulder.

I'm not talking about SHORT positions, we are in a strict uptrend, at least locally. However, resistance as strong as $23,600 cannot be broken without any correction. This is the YVWAP level and it has never been surpassed by a single move in history.

Each dip must be used for purchase. The $20,500 to $21,000 area is perfect for this purpose.

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