In our previous analysis, we spotted the ABC corrective wave back to the major 61.8 fibonacci.
There are multiple confluences around the 42.5K level, which are: 1) 61.8 fibonacci 2) Previous Structure 3) -27 fibonacci of the ABC corrective wave 4) 200EMA Support 5) Major trendline support
A lot of confluences, which would make the 42.5K area the best place to watch to buy Bitcoin .
An important thing to note is that we are currently testing the weekly 21EMA, which we might reject here and move up.
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