In this time frame, as we said yesterday, the $1050 range generated good support and the price chart continued its uptrend. But in the $1160 range, it has met with strong resistance and after several collisions, it has been rebouted and polbeked. If the purchase volume increases in such a way that the price can cross the resistance range of $1160, we will see the price climb further up to the $1280 range, and in the absence of a resistance range and passing through the bullish trend line support range, we will see the price fall to the 0.5 Fibonacci limit.
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