BTC broke out of a 1 month triangle and likely will retest it. If price bounce of the triangle the expected target is 9.6k. In case it fails it will get support from the bottom of the triangle. Failure to bounce of the triangle is technically very bearish. Often price will continue down the same amount it went up at breakout.
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intrestingly price was rejected at the previous upward channel support, this can count as a retest
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showed this channel in this idea
