BTC possible bounce

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We have a lot of shorts opening right here (at the lows) which gives us a sign that the downtrend could be coming to an end.

We are now at the high of a channel that we were previously looking at and that was respected very well.
So lots of shorts at support = likely bounce.

Doesn't mean we will bounce for sure, but it is something to be aware of, the fib golden pocket at 46.1 - 46.5k is a still a possible target.

I personally opened a small long here, I would like to see a reclaim of VWAP and dOpen on the LTF as well.

Of course, I will update you as always when needed

Any questions?

Good luck traders
Remember not to break your rules

Habib

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