Solid uptrend formed in 4 Hour Time-Frame which is we still looking the possibility of 50k Price Tag. As the market moves sharply, I am expecting the movement going to slow down but still targeting a 50k price tag.
As the blue trendline (Hourly TF) broke yesterday, we expecting a price to look for Red trendline (4Hour TF) before bouncing back to continue the uptrend journey. From in downside perspective, if the price broke Red Trendline and creating solid price confirmation. We expecting this price looking for a 38k price tag.
For now, let's take advantage on the price movement as we always trade based on current market conditions.
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