-Bitcoin just had a Bull trap after breaking the recent high at 12.1k -The price slowly dumping down to 11.6k located the trendline support -We can see a Bullish reaction candle on the 1st retest of trendline -BTC is still on an uptrend but a sign of weakness is showing -Though the trendline of support still valid -We still need to be cautious as the price action is making fakeouts -Two possible scenarios for Bitcoin today -First is to consolidate at current market price and try to bounce back up to 12.4k -Second, the price will break the upward trendline support -Price discover in the area of support somewhere in 11.4k range -If the 11.4k area holds, potential bounce reaction up to 12k is possible -I recommend to always put stop-loss in all your trades -Whether BTC goes up or down, Most Altcoins will still suffer
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