7/3 Bitcoin Daily Analysis

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Bitcoin 1 hr chart

Btc broke through the 10400 and 10800 levels on the lower timeframes I had mentioned yesterday, and has since held. This is bullish. I remain bullish as long as 10800 holds. The next key will be to break and hold back above 12k. If this happens, we are likely going to retest the previous high. On the larger timeframes 9800-10k is your support. There is larger support below at 8200-8350 and 7500, but this again looks bullish to me, and they do not look in play. The first signal of a correction on lower timeframes is if you see 10400 break, otherwise BTC is bullish.

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