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Technical analysis:
BTC/USD has been trading downside and the market has reached our first downside objective at $40.500. I found strong rejection and pinbar, which now became major low reference.
In case of the upside rotation into the $43.500, there is the chance for the rally towards $44.800
In case of the downside breakout of the pin bar low at $40.490 and hold below, there is the chance for the drop towards $38.400
RSI oscillator is is showing responsive upside movement
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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