The daily and weekly close was at 41.7k. This is negative, and BTC is most likely to drop toward 38k to 40k. However, on the 4-hour TF chart, we can observe something different. Whether you term it a candle of hope or anything else, BTC is forming a bullish divergence. If it plays out successfully, BTC may rally back to 44k or even higher. Nonetheless, before all of this, BTC will need to overcome the 42.7k resistance.
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