7-2 Bitcoin Daily Analysis

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Btc continues to correct and trade lower. Support is likely here at 10k. Below 8800-9000. 8200-8350 could also provide some support as well at 7500 which should be larger support. The key to hold is the 7500 level. Resistance is likely 10400 and 10800 on lower timeframes and 11800-12k on the larger timeframes. A break above and hold of 10400 and or 10800 would be first signal of a potential turn back high on the lower timeframes, though it looks like on the last bounce 10400 acted as resistance which is bearish. Continue to watch these levels closely.

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