BTCUSD Perpetual Contract
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BTC review

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There are many way you can look at this chart, however two ideas that I see getting thrown around a lot are the rising wedge or a channel. You can make an argument for either one.

Regardless, BTC is consolidating under $50,000 and it is much safer to be long than short.

Be sensible and don't overleverage in case there is a move to the short side.

Happy trading.

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