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BTC Short-Term Reversal Pattern Forming

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The BTC bulls have successfully defended an ascending broadening wedge pattern on the daily time frame with a hammer-type candle pattern to close out the previous session. If the bulls can maintain 4-hourly uptrends by holding EMA support, then the next likely test-targets are $3,890 and $3,940.

Further, the Stochastic RSI is prepping for a bullish cross.

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