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BTCUSD - Bullish or Bearish?

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Bullish: Is this a clear breakout of the down trending channel and a retest of previous resistance as new support before a move to a new high?

Bearish: Price has still not made a macro higher high and has been rallying without a re-tracement. Could it be a long squeeze become capitulation down?

share with us what you think is happening :)

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