Short

4hr BITCOIN mean reversion rejection - Leave the rest for later

In #Bitcoin's 4-hour chart scenario, we reject the EMA50 we are currently at and take the low at 56k in the next couple of days. We get a lot of economic data in the next few days until Friday, which could strengthen the US dollar and lead Bitcoin into a sell-off. Chart-wise, it looks like a rejection of the 4hr EMA50. The first target would be 56k and if things look really ugly, we should also consider 51k as a possible target.

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