BTC went through a strong bearish phase till middle of March and entered in to a weak rally till first week of April. Since then it has been showing signs of weakness as shown by the simple trend following (High-Low) mechanism on the chart. If the current trend continues we may see 5850 and 4810 test.
I do not trade BTC and all the above views are personal. Hit like if its worth.
Regards JJSingh
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On the hourly
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Nice rejection from the resistance zone mentioned above.